Ruby Tuesday, Inc. Announces Pricing of Common Stock Offering
Ruby Tuesday, Inc. (NYSE:RT) today announced the pricing of the previously announced offering of 10,000,000 shares of its common stock at a price to the public of $6.75 per share.
The Company has granted the underwriters a 30 day option to purchase up to 1,500,000 additional shares to cover over-allotments, if any. The Company will use the net proceeds to pay down debt. The Company expects to close the offering on July 28, 2009. Wells Fargo Securities and BofA Merrill Lynch are joint book-running managers and SunTrust Robinson Humphrey and Morgan Keegan & Company, Inc. are co-managers of the offering.
The shares of common stock are being offered under an effective registration statement on Form S-3 filed with the Securities and Exchange Commission, including a related prospectus as supplemented by a prospectus supplement. The offering is being made solely by means of the prospectus and the accompanying prospectus supplement. This press release shall not constitute an offer to sell, nor a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
When available, a copy of the prospectus supplement and related prospectus for this offering may be obtained by contacting Wells Fargo Securities, 375 Park Avenue, New York, New York 10152, Attention: Equity Syndicate Department, telephone: (800) 326-5897, or BofA Merrill Lynch, 4 World Financial Center, New York, New York 10080, Attention: Prospectus Department, telephone: (212) 449-1000.
Ruby Tuesday, Inc. has Company-owned and/or franchise Ruby Tuesday brand restaurants in 46 states, the District of Columbia, Puerto Rico, Guam, and 13 foreign countries. As of June 2, 2009, the Company owned and operated 672 Ruby Tuesday restaurants, while domestic and international franchisees (including Hawaii) operated 173 and 56 restaurants, respectively.
Logos, product and company names mentioned are the property of their respective owners.
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