04:14 AM EDT, 06/27/2024 (MT Newswires) -- Birkenstock Holding ( BIRK ) said Wednesday it has priced a secondary offering of 14 million ordinary shares by BK LC Lux MidCo, a company affiliated with private equity firm L Catterton, at $54 per share.

L Catterton has sole voting and dispositive power over around 9.9 million shares offered, while L Catterton, executive officers and other Birkenstock ( BIRK ) employees have voting and dispositive power over the remaining 4.1 million shares offered.

Underwriters have been granted a 30-day option to buy up to 2.1 million additional shares.

Birkenstock ( BIRK ) said it will not receive any proceeds from this offering, which is expected to close Friday.

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