Nu Skin Selling 17 Million Shares of Stock

Nu Skin Selling 17 Million Shares of Stock

PROVO, Utah--Nu Skin Enterprises Inc. (NYSE:NUS) filed aregistration statement with the Securities and Exchange Commission relating to aproposed secondary offering of 17 million shares of its Class A common stock,offered by selling shareholders.

The company's original stockholders and their affiliates currently ownapproximately 78 percent of the total outstanding Class A and Class B commonstock. Following the proposed offering, these stockholders will ownapproximately 57 percent of the total shares outstanding, as well as have morethan 90 percent of the combined voting power of the company's common stock. Asoutlined by terms of the offering, the selling stockholders will enter into alock-up agreement with Nu Skin and its underwriters, which will restrict salesor other transfers of their remaining shares for two years.