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Phillips-Van Heusen Prices Seconday Stock Offering

Phillips-Van Heusen Corp. said on Wednesday that it has priced its secondary offering of common stock at $38 per share.

NEW YORK – Phillips-Van Heusen Corp. said on Wednesday that it has priced its secondary offering of common stock at $38 per share. The secondary offering is by holders of PVH’s Series B Convertible Preferred Stock, consisting of nearly 10.1 million shares, issuable upon the conversion of shares of Series B Preferred Stock. Lehman Brothers is the sole book-running manager of the offering. The underwriters have an option to purchase an additional 1.5 million shares of common stock.

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