Monday, July 20, 2009

Ruby Tuesday, Inc. Announces Common Stock Offering

MARYVILLE, Tenn.--(BUSINESS WIRE)--Ruby Tuesday, Inc. (NYSE: RT) today announced it plans to publicly offer 10,000,000 shares of its common stock. In addition, it intends to grant the underwriters a 30 day option to purchase up to 1,500,000 additional shares to cover over-allotments, if any. The offering is being conducted as a public offering pursuant to an effective registration statement under the Securities Act of 1933. Proceeds will be used to pay down debt. Wells Fargo Securities and BofA Merrill Lynch are joint book-running managers and SunTrust Robinson Humphrey and Morgan Keegan & Company, Inc. are co-managers of the offering.

Read more:
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20090720005446&newsLang=en

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