Bare Escentuals Prepare Public Offering

07/30/2007

SAN FRANCISCO—Bare Escentuals (NASDAQ:BARE) has planned a public offering of 8 million shares of its common stock at a price to the public of $36.50 per share. Of these, 100,000 shares of common stock are being sold by Bare Escentuals, and 7.9 million shares of common stock are being sold by certain BARE stockholders, including funds affiliated with Berkshire Partners LLC, JH Partners LLC and certain members of Bare Escentuals’ management. In addition, certain of the selling stockholders have granted the underwriters an option to purchase up to an additional 1.2 million shares at the public offering price. Goldman, Sachs & Co. is acting as sole manager for the offering. Bare (www.Bareescentuals.com) also confirmed its guidance for fiscal year 2007, estimating diluted earnings to be between $0.89 and $0.94 per share on approximately 93.2 million shares outstanding. It further stated second quarter 2007 fully diluted earnings are expected to reach between $0.20 and $0.22 per share; total sales growth versus the prior year is expected to be in the range of 27 percent to 30 percent, as the company continues to experience strong consumer demand for its products.

Share this article: Email, Slashdot, Digg, Del.icio.us, Yahoo!MyWeb, Windows Live Favorites, Furl
Add this article feed to: RSS, My Yahoo, Newsgator, Bloglines

Sponsored Links	Natural Products INSIDER Announcements