GNC Acquisition Holdings Inc. (to be renamed GNC Holdings, Inc.) (the "Company" or "GNC") announced that, in connection with its previously announced initial public offering, the underwriters have exercised in full their option to purchase from the selling stockholders an additional 3.375 million shares of Class A common stock. GNC's Class A common stock commenced trading today on the New York Stock Exchange under the ticker symbol "GNC." The offering of 16 million shares by the Company and 9.875 million shares by the selling stockholders (which includes the shares subject to the underwriters' option) is expected to close on April 6, 2011.
Goldman, Sachs & Co. and J.P. Morgan Securities LLC, along with Deutsche Bank Securities Inc. and Morgan Stanley & Co. Incorporated, are acting as joint bookrunners for the offering, and Barclays Capital Inc., Credit Suisse Securities (USA) LLC, William Blair & Company, L.L.C. and BMO Capital Markets Corp. are acting as co-managers.