Michaels stock offering priced at $23 per share

Irving, Texas – The underwriters of a public offering of 18.8 million shares of The Michaels Companies common stock have priced it at $23.52 per share. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 2.82 million shares of common stock.



The selling stockholders will receive all of the net proceeds from this offering. No shares are being sold by the company.