GNC Acquisition Holdings Announces Exercise of Underwriters' Option to Purchase Additional Shares

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Apr 01, 2011, 08:10 ET

PITTSBURGH, April 1, 2011 /PRNewswire/ -- GNC Acquisition Holdings Inc. (to be renamed GNC Holdings, Inc.) (the "Company" or "GNC") announced that, in connection with its previously announced initial public offering, the underwriters have exercised in full their option to purchase from the selling stockholders an additional 3.375 million shares of Class A common stock. GNC's Class A common stock commenced trading today on the New York Stock Exchange under the ticker symbol "GNC." The offering of 16 million shares by the Company and 9.875 million shares by the selling stockholders (which includes the shares subject to the underwriters' option) is expected to close on April 6, 2011.

(Logo: https://photos.prnewswire.com/prnh/20110302/NE57701LOGO )

Goldman, Sachs & Co. and J.P. Morgan Securities LLC, along with Deutsche Bank Securities Inc. and Morgan Stanley & Co. Incorporated, are acting as joint bookrunners for the offering, and Barclays Capital Inc., Credit Suisse Securities (USA) LLC, William Blair & Company, L.L.C. and BMO Capital Markets Corp. are acting as co-managers.

This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the shares referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction. A registration statement relating to these securities (File No. 333-169618) was filed and has been declared effective by the Securities and Exchange Commission.

The offering may be made only by means of a prospectus, copies of which may be obtained from:

Goldman, Sachs & Co.
Prospectus Department
200 West Street
New York, NY 10282
Telephone: 1-866-471-2526, Facsimile: 212-902-9316
E-mail: [email protected]

J.P. Morgan Securities LLC
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: 1-866-803-9204

Deutsche Bank Securities
Attn: Prospectus Department
100 Plaza One
Jersey City, NJ 07311
Tel: 1-800-503-4611
Email: [email protected]

Morgan Stanley & Co. Incorporated
Attn: Prospectus Dept.
180 Varick Street, 2nd Floor
New York, NY 10014
Email: [email protected]
Telephone: 1-866-718-1649

About GNC

GNC, headquartered in Pittsburgh, Pa., is a leading global specialty retailer of nutritional products including vitamin, mineral, herbal and other specialty supplements and sports nutrition, diet and energy products. As of December 31, 2010, GNC has more than 7,200 locations, of which more than 5,600 retail locations are in the United States (including 903 franchise and 2,003 Rite Aid franchise store-within-a-store locations), and franchise operations in 46 international countries (including distribution centers where retail sales are made). The Company – which is dedicated to helping consumers Live Well – also offers products and product information online.

This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to our financial condition, results of operations and business that is not historical information. Forward-looking statements can be identified by the use of terminology such as "subject to," "believes," "anticipates," "plans," "expects," "intends," "estimates," "projects," "may," "will," "should," "can," the negatives thereof, variations thereon and similar expressions, or by discussions of strategy. While GNC believes there is a reasonable basis for its expectations and beliefs, they are inherently uncertain, and the Company may not realize its expectations and its beliefs may not prove correct. GNC undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Actual results could differ materially from those described or implied by such forward-looking statements.

SOURCE GNC