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Email UpdatesBWAY Holding Co. (BWY) priced its 10.04 million share IPO at $15.00 per share, although the indicated range was $16.00 to $18.00 and the share count was originally expected to be 11.5 million shares. Goldman Sachs and Banc of America were the lead underwriters; co-managers are listed as J.P.Morgan and Deutsche Bank.
BWAY has been in business for more than 100 years and is a manufacturer of rigid metal containers for paint and related products. Solutions include aerosol cans, round paint-style cans, oblong or F-style cans, a variety of specialty cans, and pails; it also produces steel ammunition boxes for conventional and high-tech armaments, and provide material center services, including metal shearing, coating, and printing.
The company claims $800 million in annual revenues and is profitable. More information can be found at its web site www.bwaycorp.com.
Jon C. Ogg
June 13, 2007
Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.
