The chief beneficiary of the offering will be KKR & Co. (NYSE: KKR) through its Bucks Holding affiliate. Last September KKR and Bucks Holding sold 29.6 million shares of Dollar General stock, and the company repurchased another 4.7 million shares in a $250 million buyback. Bucks Holding’s stake in the company will drop from 16.5% to 7.5%, not including the underwriter’s option, and 6.5% including the option.
Among other sellers are five of Dollar General’s executive officers, none of whom owns more than 1% of the company’s stock before the offering.
No date or offering price has been set for the sale.
Dollar General’s shares closed at $52.22 last night in a 52-week range of $39.73 to $56.04. Shares are down about 2.5% in premarket trading this morning, at $50.91.
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.