Nu Skin Enterprises says underwriters of directors stock sale exercise option
By APThursday, June 17, 2010
Nu Skin Enterprises underwriters exercise option
PROVO, Utah — Nu Skin Enterprises said the underwriters of a stock sale by a group of shareholders have closed a partial over-allotment exercise for 569,000 shares.
The price for the Class A common stock was $27 per share. JPMorgan Securities and Deutsche Bank Securities were the joint book-running managers for the offering, and the co-managers are Canaccord Genuity, Stifel Nicolaus & Co., Avondale Partners, Sidoti & Co., and Moelis & Co.
The underwriters had the option to buy up to 669,000 additional shares as part of an offering of 4.5 million shares by a group that included three founders of the company who are also directors.
Nu Skin shares fell 46 cents to close at $26.92.
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