Advent reports distribution of Lululemon stock

By Lisa Kerner

Charlotte, N.C., Feb. 22 - Advent International Corp. completed an in-kind distribution of 5 million shares of Lululemon Athletica, Inc. common stock on Feb. 15 to certain Advent partners.

The distribution was reported in a schedule 13D filed with the Securities and Exchange Commission.

Following the transactions, Advent beneficially owns 7,564,956 shares, or 11.20%, of Lululemon's outstanding stock.

Lululemon is an athletic apparel designer and manufacturer based in Vancouver, B.C.

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