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Burlington prices secondary offering at $25.75/share

May 02, 2014 (United States Of America)

Burlington Stores, Inc. announced that the previously announced public secondary offering of 12,000,000 shares of its common stock by certain of the Company’s stockholders priced at a price to the public of $25.75 per share (the “Offering”). 
 
In connection with the Offering, the selling stockholders have granted the underwriters a 30-day option to purchase up to 1,800,000 additional shares. The Offering is expected to close on May 6, 2014, subject to customary closing conditions. All of the shares in the Offering are being offered by selling stockholders. The Company will not receive any of the proceeds from the Offering.
 
J.P. Morgan, Morgan Stanley, BofA Merrill Lynch, Goldman, Sachs & Co., and Wells Fargo Securities are acting as joint book-running managers for the Offering. BMO Capital Markets, Cowen and Company, Guggenheim Securities, SunTrust Robinson Humphrey, Telsey Advisory Group and Ramirez & Co., Inc. are serving as co-managers for the Offering.
 
About Burlington Stores, Inc.
The Company, through its wholly-owned subsidiaries, operates a national chain of off-price retail stores offering ladies’, men’s and children’s apparel and accessories, home goods, baby products and coats, principally under the name Burlington Stores.
 

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