05 Apr 2013
Pinnacle Foods Inc NYSE Initial Public Offering
Pinnacle Foods Inc NYSE Initial Public Offering - Pinnacle Foods Inc. has announced the closing of its initial public offering of common stock, which raised proceeds of approximately $627 million. A total of 33.3 million shares have been issued, the proceeds of which are intended to pay down existing debt. The stock priced at $20 per share (and secondary trading was strong immediately after issuance). Pinnacle is owned by Blackstone and the mood in US equity markets remains buoyant, and a rush of similar private equity backed deals is expected. (Simpson Thacher advised the Issuer).
Financial Centre : New York
Law Firm : Simpson Thacher
Lawyer : Richard A Fenyes
Practice Area : Equity Capital Markets
Classification : Initial Public Offerings
Sub-classification : NYSE
Industry : Food Producers
Advised Party =: Issuer
Value Range: USD500.01-1000.00M
Issuer Jurisdiction- : United States
Listing Jurisdiction- : United States
Editorial
05 Apr 2013 Pinnacle Foods Inc NYSE Initial Public Offering
Pinnacle Foods Inc NYSE Initial Public Offering - Pinnacle Foods Inc. has announced the closing of its initial public offering of common stock, which raised proceeds of approximately $627 million. A total of 33.3 million shares have been issued, the proceeds of which are intended to pay down existing debt. The stock priced at $20 per share (and secondary trading was strong immediately after issuance). Pinnacle is owned by Blackstone and the mood in US equity markets remains buoyant, and a rush of similar private equity backed deals is expected. (Simpson Thacher advised the Issuer).
Financial Centre : New York
Law Firm : Simpson Thacher
Lawyer : Richard A Fenyes
Practice Area : Equity Capital Markets
Classification : Initial Public Offerings
Sub-classification : NYSE
Industry : Food Producers
Advised Party =: Issuer
Value Range: USD500.01-1000.00M
Issuer Jurisdiction- : United States
Listing Jurisdiction- : United States