Smithfield Foods Announces Secondary Offering of 16 Million Shares by Principal Shareholder
Reuters
Sep 03
Smithfield Foods Announces Secondary Offering of 16 Million Shares by Principal Shareholder
Smithfield Foods, Inc., an American leader in value-added packaged meats and fresh pork, has announced a secondary public offering of 16,000,000 shares of its common stock. These shares will be sold by SFDS UK Holdings Limited, the principal shareholder of the company. An additional option has been granted to the underwriters to purchase up to 2,400,000 more shares. The company itself will not be selling any shares in this offering and will not receive any proceeds from the sale. The offering will be managed by Morgan Stanley, BofA Securities, and Barclays, acting as joint lead book-running managers. A registration statement, including a prospectus, has been filed with the SEC, and interested investors can access the preliminary prospectus through the SEC website or via the managing underwriters.
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