Roundy’s registers to sell up to 27.6 million shares

Special to The Freeman

Dec. 13, 2013

MILWAUKEE – Roundy’s Inc. has filed a registration statement with federal securities regulators for the sale of 27.6 million common shares, according to Securities and Exchange Commission documents.

“We may offer, from time to time, up to 11,000,000 shares of our common stock, and selling stockholders may offer, from time to time, up to an additional 16,591,999 shares of our common stock,” the Milwaukee-based grocery company said in the SEC filing on Friday.

Included in the selling stockholders is Willis Stein & Partners, which is the investment group that bought Roundy’s in 2002. In the filing, Roundy’s said it intends to use the net proceeds from the sale for working capital and general corporate purposes.

“We will not receive any proceeds from the sale of shares of common stock offered by any selling stockholders,” the filing said. “We will bear a portion of the expenses of the offering of common stock, except that selling stockholders will pay any applicable underwriting fees, discounts or commissions and certain transfer taxes with respect to their shares of common stock.”

Roundy’s operates 163 retail grocery stores and 101 pharmacies under the Pick ’n Save, Rainbow, Copps, Metro Market and Mariano’s retail banners in Wisconsin, Minnesota and Illinois.