Market Overview

ConAgra Prices 8.067M Share of Public Offering of Common Stock at $29.75/Share

ConAgra Foods (NYSE: CAG) ("ConAgra Foods")
announced Monday. the pricing of an underwritten public offering of
8,067,227 shares of its common stock at a price of $29.75 per share.
ConAgra Foods also granted the underwriter a 30-day option to purchase
up to an additional 1,176,471 shares of its common stock. ConAgra Foods
expects to receive net proceeds from the offering of approximately $234.7
million after underwriting discounts and commissions and estimated
offering expenses (or approximately $269.0 million if the underwriter
exercises its option to purchase additional shares of common stock in
full). The offering is expected to close on January 11, 2013, subject to
customary closing conditions.

ConAgra Foods intends to use the net

See full press release

Posted-In: Earnings News Guidance Management

 

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