Perdigao Completes Share Offering

BRAZIL - Brazilian poultry giant Perdigao and the bank Credit Suisse have completed the primary offering of 20,744,200 common shares at R$45.00 (raeis)per share.
calendar icon 23 January 2008
clock icon 2 minute read

The public offering and the private placement of the shares in countries other than Brazil was made on a best efforts basis.

The offering was carried out under investment mechanisms regulated by the National Monetary Council, the Central Bank of Brazil and the Brazilian Securities and Exchange Commission.

The offering initially comprised the primary offering of 20,000,000 shares issued by Perdigao.

Then, on 11 January, Credit Suisse partially exercised its greenshoe option granted by the Company to offer an additional lot of 744,200 shares in order to meet excess demand.

The total offering raised R$933,489,000.00.

The terms and conditions for the distribution of the shares had been approved at a Board meeting on 30 October 2007.

© 2000 - 2022 - Global Ag Media. All Rights Reserved | No part of this site may be reproduced without permission.