Investing
BWAY Holding Co. IPO: Lower Price & Lower shares (BWY)
Published:
Last Updated:
BWAY 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 [email protected]; he does not own securities in the companies he covers.
Sponsored: Want to Retire Early? Start Here
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
