🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

Blue Buffalo Pet Products (BUFF) Announces Pricing Of Secondary Offering

Published 06/29/2016, 12:28 AM
Updated 07/09/2023, 06:31 AM
C
-
JPM
-
DBKGn
-
MS
-
BUFF
-

Blue Buffalo Pet Products Inc. (NASDAQ:BUFF) announced today the pricing of a secondary offering of its common stock, as existing shareholders are looking to sell 15 million shares of common stock. The underwriters of the offering will have a 30-day option to purchase up to an additional 2.25 million shares of common stock.

The price of the offering is $22 per share, and it is expected to close next week on July 5th. Joint book-running managers for the offering include JPMorgan (NYSE:JPM) , Citigroup (NYSE:C) , Barclays Inc (NYSE:C) , Deutsche Bank (NYSE:DB) , and Morgan Stanley (NYSE:MS) .

Blue Buffalo is up nearly 26% year-to-date, and was up over 1% Wednesday after news of the pricing was released. BUFF is currently a Zacks Rank #2 (Buy) stock, with an A for its Growth Style Score, and a B for its Momentum Score.It will be interesting to see if next week’s closure of the deal will have any effect on the stock moving forward.



JPMORGAN CHASE (JPM): Free Stock Analysis Report

CITIGROUP INC (C): Free Stock Analysis Report

BARCLAY PLC-ADR (BCS): Free Stock Analysis Report

DEUTSCHE BK AG (DB): Free Stock Analysis Report

MORGAN STANLEY (MS): Free Stock Analysis Report

BLUE BUFFALO (BUFF): Free Stock Analysis Report

Original post

Zacks Investment Research

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.