Wednesday, July 18, 2012
Sally Beauty says top shareholder exiting stake
Cosmetic products retailer Sally Beauty Holdings Inc said its largest shareholder Clayton, Dubilier & Rice LLC was exiting its holding in the company, sending its shares down 9 percent in after-market trading. Photo: Sally BeautyInvestment funds associated with Clayton, Dubilier & Rice LLC are selling 23.1 million Sally Beauty shares, or about 12 percent of shares outstanding, in a secondary stock offering, the company said in a statement. Sally Beauty, which offers products for hair, skin, and
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