GOODLETTSVILLE (AP) — Dollar General Corp. said Friday that a secondary public offering of 25 million shares is being priced at $34.75 per share, slightly below it most recent closing price.

The stock is being sold by shareholders, and the underwriters have been given an option by some of those shareholders to buy up to an additional 3.8 million shares.

The discount store operator will not receive any proceeds from the offering.

The offering is expected to close on Wednesday.

The price is 25 cents below Dollar General's closing price of $35 on Thursday. In premarket trading on Friday, its shares fell 40 cents, or 1.1 percent, to $34.60. Its shares have traded in a 52-week range of $26.65 to $37.13.

Last month Dollar General reported that its second-quarter earnings rose 3 percent, with its adjusted results beating Wall Street's expectations. The Goodlettsville, Tenn. company also raised the low end of its full-year adjusted earnings forecast.