L Brands Announces Commencement of Secondary Offering and the Repurchase of Its Common Stock
COLUMBUS, Ohio, July 13, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. ( L Brands ) (NYSE: LB) announced today the commencement of an underwritten public secondary offering of 20,041,646 shares of its common stock (the Offering ) by Leslie H. Wexner and certain affiliated selling stockholders (collectively, the Selling Stockholders ). L Brands will not receive any proceeds from the sale of shares by the Selling Stockholders in the Offering.
L Brands Announces Commencement of Secondary Offering and the Repurchase of Its Common Stock
COLUMBUS, Ohio, July 13, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. ( L Brands ) (NYSE: LB) announced today the commencement of an underwritten public secondary offering of 20,041,646 shares of its common stock (the Offering ) by Leslie H. Wexner and certain affiliated selling stockholders (collectively, the Selling Stockholders ). L Brands will not receive any proceeds from the sale of shares by the Selling Stockholders in the Offering.