Bloomin' Brands, Inc. (the "Company") (Nasdaq:BLMN) today announced that certain of its stockholders (the "Selling Stockholders") intend to offer for sale in an underwritten secondary offering approximately 18 million shares of its common stock pursuant to the Company's shelf registration statement filed with the Securities and Exchange Commission. Certain Selling Stockholders also intend to grant the underwriters an option to purchase up to an additional 2.7 million shares of common stock. The Selling Stockholders will receive all of the proceeds from this offering. No shares are being sold by the Company. - updated 3/5 - Bloomin' Brands, Inc. (the "Company") (Nasdaq:BLMN) announced the pricing of a secondary public offering of 18 million shares of the Company's common stock at a public offering price of $24.50 per share. All of the shares are being offered by certain stockholders of the Company. The offering is expected to close on March 10, 2014, subject to the satisfaction of customary closing conditions. In addition, the underwriters have a 30-day option to purchase up to an additional 2.7 million shares of common stock from certain selling stockholders.
Bloomin' Brands is a casual dining restaurant company, with a portfolio of different restaurant concepts. At Dec 31 2012, Co. owned and operated 1,268 restaurants and had 203 restaurants operating under franchise or joint venture arrangements across 48 states, Puerto Rico, Guam and 19 countries. Co. owns and operates casual, polished casual and fine dining restaurants. Co.'s restaurant portfolio has five concepts: Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, Fleming's Prime Steakhouse and Wine Bar and Roy's. Additional Outback Steakhouse, Carrabba's Italian Grill and Bonefish Grill restaurants in which Co. has no direct investment are operated under franchise agreements.
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