Sprouts Farmers Markets said certain shareholders led by Apollo Capital Management would sell 15 million shares of its stock in a secondary offering. The offering, at $30 per share, would reduce Apollo’s ownership stake in the Phoenix-based natural foods retailer from around 30.5% to 23%. Sprouts will receive no proceeds in the offering. A group of banks underwriting the deal have the option to buy up to 2.25 million shares, Sprouts said.

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

Why Register for FREE?

Salary Survey 2015

Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick.  What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.

Click here to read the FAQ page if you have any questions (opens in a new window)

Attention Paid Print Subscribers:  While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.