National Beef Commences Initial Public Offering of Class A Common Stock
07 Dicembre 2009 - 12:00PM
PR Newswire (US)
KANSAS CITY, Mo., Dec. 7 /PRNewswire-FirstCall/ -- National Beef,
Inc. announced today the launch of its initial public offering of
17,250,000 shares of its Class A common stock, par value $0.01 per
share. The estimated price range for the initial public offering is
$15.00 to $17.00 per share. National Beef has been approved to
trade its Class A common stock on The New York Stock Exchange under
the ticker symbol "NBP". The underwriters will be granted a 30-day
option to purchase from National Beef up to an additional 2,587,500
shares of Class A common stock at the initial public offering
price, less the underwriting discount, to cover over-allotments, if
any. BofA Merrill Lynch and Credit Suisse Securities (USA) LLC will
act as joint book-running managers for this offering. Barclays
Capital will act as senior co-manager for this offering. BMO
Capital Markets and Stephens Inc. will act as co-managers for this
offering. The offering of these securities will be made only by
means of a prospectus, copies of which may be obtained from: BofA
Merrill Lynch at 4 World Financial Center, New York, NY 10080,
Attention: Prospectus Department, or by emailing ; or Credit Suisse
Securities (USA) LLC at One Madison Avenue 1B, New York, NY 10010,
Attention: Prospectus Department, or by calling (800) 221-1037. A
registration statement relating to these securities has been filed
with the Securities and Exchange Commission, but has not yet become
effective. These securities may not be sold nor may offers to buy
these securities be accepted prior to the time the registration
statement becomes effective. This press release shall not
constitute an offer to sell or a solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. About National
Beef, Inc. National Beef, Inc. was incorporated in October 2009 for
the purpose of becoming the managing member of, and holding an
ownership interest in, National Beef Packing Company, LLC ("NBP").
NBP sells fresh and frozen beef, case ready beef and beef
by-products to customers in the United States and international
markets. NBP is one of the largest beef processing companies in the
United States. With corporate headquarters in Kansas City,
Missouri, the Company has operations in Liberal, Dodge City and
Kansas City, Kansas; Brawley, California; Hummels Wharf,
Pennsylvania; Moultrie, Georgia, and St. Joseph, Missouri.
DATASOURCE: National Beef, Inc. CONTACT: Simon P. McGee, Senior
Vice President - Corporate Strategy & Acquisitions,
+1-816-713-8618
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