Nu Skin Announces Secondary Offering, Share Repurchase (NUS)

Nu Skin Enterprises NUS has commenced an underwritten secondary public offering of 4.46 million shares of its Class A common stock. The shares are being sold by three of the company's founders who currently serve as members of the board of directors. The company also announced an increase of $150 million in its stock repurchase program. The company has an additional $46 million remaining from the prior repurchase authorization, bringing the total available amount under the program to $196 million. Shares of Nu Skin, a skin care and nutrition company, finished the regular trading session down 73 cents, or 2.54%, to $28.03. Shares were unchanged in after hours trading.