16 Million Share Secondary Offering: Smithfield Foods' Major Shareholder SFDS UK to Sell Stake

Smithfield Foods releases 16 million additional stock shares eight months after IPO

Smithfield Foods will release an additional 16 million shares of common stock to be sold by SFDS UK Holdings Limited, an indirect subsidiary of Foods’ Hong Kong-based parent company, WH Group. Foods announced on Sept. 3 that the selling shareholder intends to grant underwriters a 30-day option to purchase up to 2.4 million additional shares of common stock at the public offering price, less underwriting discounts and commissions. “We will not re…

Smithfield shareholder offers 16M shares in public sale

SFDS UK Holdings Limited intends to grant the underwriters a 30-day option to purchase up to 2.4M additional shares at the public offering price.

16 Million Share Secondary Offering: Smithfield Foods' Major Shareholder SFDS UK to Sell Stake

Smithfield Foods' principal shareholder SFDS UK Holdings to sell 16M shares with 2.4M additional option. Morgan Stanley, BofA Securities, and Barclays leading the offering.