CANADA: George Weston offers options for ten million shares
Major food processor George Weston Ltd has revealed its intention to appoint underwriters, led by RBC Capital Markets , to sell eight million 5.80% series I preferred shares at the price of US$25 each. Options to purchase a further two million shares will be available to 30 November.
Major food processor George Weston Ltd has revealed its intention to appoint underwriters, led by RBC Capital Markets, to sell eight million 5.80% series I preferred shares at the price of US$25 each.
Options to purchase a further two million shares will be available to 30 November.
If all the options are exercised in full, the company revealed that maximum gross proceeds will reach US$250m. these funds will be used for general corporate purposes and to refinance other debt.
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