Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Nomad Foods announces pricing of secondary offering by Pershing Square

Published 09/07/2017, 10:27 AM
Updated 09/07/2017, 10:27 AM
© Reuters.  Nomad Foods announces pricing of secondary offering by Pershing Square

© Reuters. Nomad Foods announces pricing of secondary offering by Pershing Square

  • Nomad Foods (NOMD +5%) priced the previously announced underwritten secondary public offering by certain funds managed by Pershing Square (NYSE:SQ) of 33,333,334 ordinary shares at a price to the public of $14.30 per ordinary share.
  • The Company has agreed to repurchase from the underwriters 7,063,643 shares of the 33,333,334 ordinary shares being sold by the Selling Shareholders at a per-share purchase price equal to the price payable by the underwriters to the Selling Shareholders.
  • 26,269,691 ordinary shares of the 33,333,334 ordinary shares will be sold to the public by the Selling Shareholders.
  • The Company will use cash on hand to fund the purchase of the ordinary shares from the Selling Shareholders.
  • Credit Suisse (SIX:CSGN) Securities LLC is acting as representative and book-running manager for the offering. Barclays (LON:BARC) Capital Inc. and Jefferies LLC are acting as co-managers for the offering.
  • Previously: Pershing Square unloads Nomad Foods share block (Sept. 6)
  • Now read: Hormel Foods (NYSE:HRL) - An Attractive Opportunity


Original article

Latest comments

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.