Article: Kimmel gains $83M in Jones stock offering. (Sidney Kimmel, chairman of Jones Apparel Group) (Brief Article)

NEW YORK -- Sidney Kimmel, founder and chairman of Jones Apparel Group Inc. took home approximately $83 million before underwriting expenses from the sales of more than 2.7 million shares in a secondary offering Wednesday of 3.1 million shares of the company's stock.

The shares were priced at $30.50 each.

The balance of the shares were sold by Jones's president, Andrew Grossman, and two ...

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