ConAgra Foods 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
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in