GNC Holdings (GNC) Prices 17M Offering at $33.50/Share

GNC Holdings, Inc. (NYSE: GNC) announced the pricing of the offering of 17.0 million shares of its Class A common stock to be sold exclusively by participating selling stockholders at a public offering price of $33.50 per share.

The price is a 1.3 percent discount from Tuesday's close at $33.95.

In addition, the participating selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 2.55 million shares. The Company is neither issuing nor selling any shares in the offering. The offering is expected to close on March 19, 2012, subject to customary closing conditions.

J.P. Morgan Securities LLC and Goldman, Sachs & Co., along with Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC, 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.

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