Greenlight Capital sells 1.5 million common shares via Morgan Stanley
By Devika Patel
Knoxville, Tenn., Aug. 7 - Einstein Noah Restaurant Group, Inc. priced a $23.63 million secondary offering stock, according to a prospectus supplement filed Friday with the Securities and Exchange Commission.
The selling shareholder, Greenlight Capital, Inc., will sell 1.5 million common shares at $15.75 apiece. The price per share reflects a 0.064% discount to the Aug. 6 closing share price of $15.76.
Morgan Stanley is assisting.
Settlement is expected Aug. 9.
The operator and franchisor of coffee cafes is based in Lakewood, Colo.
| Issuer: | Einstein Noah Restaurant Group, Inc.
|
| Issue: | Common stock
|
| Amount: | $23,625,000
|
| Shares: | 1.5 million
|
| Price: | $15.75
|
| Warrants: | No
|
| Pricing date: | Aug. 7
|
| Settlement date: | Aug. 9
|
| Stock symbol: | Nasdaq: BAGL
|
| Stock price: | $15.76 at close Aug. 6
|
| Market capitalization: | $272.74 million
|
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