Ten shares fell after the struggling broadcaster completed part of a $230 million capital raising.
-
Ten shares fell after the struggling broadcaster completed part of a $230 million capital raising.
-
In this Thursday, Sept. 22, 2011, photo, employees at Groupon pose in silhouette by the company logo in the lobby of the online coupon company's Chicago offices. Groupon Inc., the No. 1 online deals service, failed to show investors on Thursda, Nov. 8, 2012, that its business is growing as quickly as they would like, as it was hurt by what it called "continued challenges" from the economic weakness in Europe. (AP Photo/Charles Rex Arbogast)
Annie's shareholders to sell 3.5M shares
BERKELEY, Calif. (
AP) — Some shareholders of the natural and organic food maker
Annie Inc. will sell 3.5 million shares for $40 apiece as part of an offering worth $140 million.
The price represents a 3 percent discount to the stock's Tuesday closing share price of $41.31. Annie's shares edged down 56 cents to $40.75 in premarket trading.
The selling shareholders granted the underwriters — Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC — a 30-day option to buy up to an additional 525,000 shares to cover strong demand. Annie's will not receive any of the proceeds from the offering.
Annie's has agreed to buy back 500,000 shares directly from the shareholders when the offering closes in a private deal at the underwriter price.
Tags:
ap, credit suisse, annie, llc, berkeley, credit suisse securities, cents, calif., shareholder, securities usa, shareholders, security, stock, business, proceeds, stock market, shares, share, percent discount, premarket trading, strong demand, offering, j.p. morgan securities, initial public offering, securities, underwriters, 30-day option, selling shareholders, private deal, food maker annie, tuesday closing share, underwriter price
Print Page
