GameStop (GME) Stockholders Complete Stock Sale
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Price: $38.20 -0.68%
Overall Analyst Rating:
NEUTRAL (
Down)
Dividend Yield: 3.3%
Revenue Growth %: -6.5%
Overall Analyst Rating:
NEUTRAL (
Down)Dividend Yield: 3.3%
Revenue Growth %: -6.5%
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GameStop Corp. (NYSE: GME) that two of its stockholders have sold 6,500,000 shares of GameStop Class A common stock to Citigroup Corporate and Investment Banking.
A shelf registration statement relating to debt and equity securities of GameStop was filed with the Securities and Exchange Commission today. The shelf registration statement became effective immediately upon filing. A prospectus supplement relating to the offering by the selling stockholders will be filed with the Securities and Exchange Commission.
The selling stockholders are EB Nevada Inc., a corporation indirectly owned by James J. and Agnes C. Kim and related trusts, that is selling 5,000,000 shares, and Leonard Riggio, who is selling 1,500,000 shares. Mr. Kim and Mr. Riggio are directors of GameStop Corp. After the transaction, EB Nevada Inc. continues to own 8.6% of the company's Class A common stock and Mr. Riggio continues to be a beneficial owner of approximately 6.3% of the company's Class A common stock and 17.2% of the company's Class B common stock. GameStop is not selling any shares in this offering and will receive no proceeds from these sales.
A shelf registration statement relating to debt and equity securities of GameStop was filed with the Securities and Exchange Commission today. The shelf registration statement became effective immediately upon filing. A prospectus supplement relating to the offering by the selling stockholders will be filed with the Securities and Exchange Commission.
The selling stockholders are EB Nevada Inc., a corporation indirectly owned by James J. and Agnes C. Kim and related trusts, that is selling 5,000,000 shares, and Leonard Riggio, who is selling 1,500,000 shares. Mr. Kim and Mr. Riggio are directors of GameStop Corp. After the transaction, EB Nevada Inc. continues to own 8.6% of the company's Class A common stock and Mr. Riggio continues to be a beneficial owner of approximately 6.3% of the company's Class A common stock and 17.2% of the company's Class B common stock. GameStop is not selling any shares in this offering and will receive no proceeds from these sales.
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