GENERAL NUTRITION COMPANIES POSTPONES INITIAL PUBLIC OFFERING DUE TO MARKET CONDITIONS
GENERAL NUTRITION COMPANIES POSTPONES
INITIAL PUBLIC OFFERING DUE TO MARKET CONDITIONS
PITTSBURGH, Dec. 4 /PRNewswire/ -- General Nutrition Companies, Inc. announced today that it has decided to postpone its initial public offering of 6.9 million shares due to the recent deterioration in the stock market and its effect on valuations.
The company will continue to evaluate market conditions to determine the appropriate time to raise capital in the public markets.
/CONTACT: Edwin J. Kozlowski of General Nutrition Companies, 412-288-4600/ CO: Generation Nutrition Companies, Inc. ST: Pennsylvania IN: SU: OFR SH -- NY067 -- 9284 12/04/91 14:19 EST