Ardagh Group Commences Launch of Initial Public Offering
Published on Mar 7 2017 11:00 AM
Ardagh Group SA has commenced an initial public offering, which it has filed with the U.S. Securities and Exchange Commission (the SEC), according to a statement it issued today (7 March).
The global metal and glass packaging solutions firm also outlined its plans to sell 16.2million Class A shares for $17 and $20 each. The underwriters have a 30-day option to purchase up to 2.430,000 additional Class A common shares from Ardagh.
Reportedly, Citigroup, Deutsche Bank Securities, Goldman Sachs & Co, Barclays, Credit Suisse and J.P. Morgan are acting as joint book-running managers for the offering. Davy and Wells Fargo Securities are acting as co-managers for the offering.
Ardagh Group specialise in metal and glass packaging solutions, producing packaging for the world's leading food, beverage and consumer brands and has global sales of approximately €7.7 billion.
© 2017 - Checkout Magazine by Donna Ahern