Printer Friendly

GENERAL NUTRITION COMPANIES, INC. ANNOUNCES FILING OF REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING

 PITTSBURGH, Jan. 4 /PRNewswire/ -- General Nutrition Companies, Inc. (GNC) has announced that it filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of 4,150,000 shares of common stock. All of the common stock is being offered by General Nutrition Companies, Inc.
 Morgan Stanley & Co. Incorporated, and Donaldson, Lufkin & Jenrette Securities Corporation will co-manage the underwriting group. The company will grant the underwriters an over-allotment option to purchase an additional 622,500 shares.
 General Nutrition Companies, Inc. intends to use the net proceeds from the sale of the common stock to redeem all of the outstanding shares of its subsidiary's 12.5 percent series A preferred stock and to repay a portion of its bank indebtedness.
 General Nutrition Companies, Inc., through its subsidiaries, is the only nationwide specialty retailer of vitamin, mineral and sports nutrition supplements, and is also a leading provider of personal care, fitness and other
health-related products. The company's products are sold through a network of 1,160 retail stores operating under the GNC name, of which 924 are owned and operated by the company at leased locations and 236 are franchised. The stores are located primarily in regional shopping malls in the 50 states and 8 are located in Peru, Puerto Rico, Guam and Mexico.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold and offers to buy may not be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 1/4/92
 /CONTACT: Edwin Kozlowski of General Nutrition Companies, Inc., 412-288-4600/


CO: General Nutrition Companies, Inc. ST: Pennsylvania IN: REA SU: OFR

AH -- NY022 -- 1208 01/04/93 09:44 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 4, 1993
Words:348
Previous Article:REVISED WORLD BOOK CHRONICLES TURBULENT 1992 IN U.S., WORLD
Next Article:ICI INTERNAL SPLIT TAKES EFFECT
Topics:


Related Articles
GENERAL NUTRITION COMPANIES POSTPONES INITIAL PUBLIC OFFERING DUE TO MARKET CONDITIONS
PERCEPTRON, INC. FILES REGISTRATION STATEMENT
FUTURE HEALTHCARE, INC. ANNOUNCES FILING OF REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING OF 1,150,000 SHARES
ADVANCED MAMMOGRAPHY SYSTEMS, INC. FILES REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING
GENERAL NUTRITION COMPANIES, INC. ANNOUNCES FILING OF REGISTRATION STATEMENT FOR OFFERING OF 1,350,000 SHARES OF COMMON STOCK
GENERAL NUTRITION COMPANIES, INC. FILES 10,000,000 SHARE OFFERING
Nutrition Medical Reports Fourth Quarter and Full Year 1996 Results
Weider Nutrition International Inc. Prices Initial Public Offering of 5.6 Million Shares at $11 Per Share
GNC Corporation Files Registration Statement for Proposed Initial Public Offering.
GNC Corporation Announces $325 Million Senior Note Offering and Exploration of Strategic Alternatives.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters