* Says secondary offering priced at $7.25/shr
* D.E. Shaw Laminar Portfolios to sell 4.4 mln shares
* Price excludes underwriting commission, discounts
June 10 Kid Brands Inc KID.N said one of the
company's stakeholders has decided to sell 4.4 million shares
in the juvenile consumer goods maker at $7.25 apiece in a
secondary public offering, sending the company's shares down 7
The offering by D. E. Shaw Laminar Portfolios, which has
4,399,773 shares in the company, excludes the underwriting
commission to Roth Capital Partners.
"The company will not recive any proceeds from the
offering. Further, the company is not issuing any new shares
and the offering will not be dilutive to earnings per share,"
Kid Brands said in a statement.
Shares of the company, which designs products for infants
and juveniles, fell as much as 8 percent to touch a low of
$7.15 in Thursday morning trade on the New York Sock Exchange.
They later covered some ground to trade 53 cents lower at $7.
(Reporting by Shobhana Chadha in Bangalore; Editing by Vyas