JILL - Why J.Jill Stock Is Falling Sharply | Benzinga
J. Jill (NYSE:JILL) shares are trading lower after by 19% to $32.03 during Thursday’s session the company announced the pricing of a public offering of 2 million common stock at $31 per share.
J.Jill and its largest stockholder, an affiliate of TowerBrook Capital Partners L.P., are each offering 1 million shares. Additionally, the selling stockholder has granted underwriters a 30-day option to purchase up to 300,000 more shares. The offering is expected to close on June 14, subject to customary conditions.
J.Jill anticipates gross proceeds of $31.0 million from its share of the ...