- 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