date:Apr 01, 2013
Pinnacle Foods has announced the price of its 29 million shares in its initial public offering of common stock will be $20 per share.
The shares are to begin trading on the New York Stock Exchange on March 28 under the symbol PF, and the offering is expected to close on April 3. The company has given underwriters a 30-day option to purchase up to an additional 4,350,000 shares at the i.p.o. offering price.
The company will receive proceeds of about $545.2 million after underwriting discounts a