Roundy’s to Sell Additional Stock
Milwaukee-based Roundy’s Inc. has filed a prospectus for a public stock offering of 2.9 million additional shares of its common stock.
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The company intends to use the net proceeds for general corporate purposes, which it expects to include funding working capital and operating expenses, as well as capital expenditures to build out the 11 Chicago Dominick’s stores it acquired from Safeway Inc. Roundy’s is converting the Chicago stores to Mariano’s Fresh Markets.
Roundy’s operates 162 retail grocery stores and 112 pharmacies under the Pick ’n Save, Rainbow, Copps, Metro Market and Mariano’s retail banners in Wisconsin, Minnesota and Illinois.