Most Recent

Propose an Article!

Have an idea about an article or subject you'd like to see in BEEF? Submit a proposal!

Cow Calf Weekly

Subscribe to our weekly newsletter... It's FREE!

Online Exclusives

BEEF Daily Blog: NEW! Daily updates from editor Amanda Nolz
Election 2008: Read our coverage and voice your opinions
Natural Disaster Coverage: Hurricane Ike
BEEFtv: Videos from around the industry
The Briefing Room: BEEF Business Updates
BEEF News Roundup: Industry news & blog feeds - Updated Daily!
BEEF Cartoons: Need to brighten your day?
South America Study Tour: Travelogue and photos
The BEEF Mailbag: Share your Viewpoint!

National Beef Plans IPO at $15-$17 Per Share

Dec 3, 2009 6:23 AM, Source: Reuters

IPO would raise about $276 million, with proceeds going toward buying up to 31 percent of National Beef Packing Co LLC

National Beef Inc, a holding company that intends to buy a minority stake in the fourth largest U.S. beef company, said it will have an initial public offering of 17.25 million shares of common stock, according to a Securities and Exchange Commission filing on Wednesday.

The initial offering price is expected to be between $15 and $17 per share.

After the IPO, National Beef will be a publicly traded holding company and has applied to trade on the New York Stock Exchange under the symbol "NBP", the filing said.

To read the entire article, link here.