Graham, Blackstone will proceed with IPOGraham, Blackstone will proceed with IPO
Extrusion blowmolder Graham Packaging Co. (York, PA), and its owner, private equity firm Blackstone Group LP, will move forward with plans to bring the company public through an initial public offering (IPO), according to various media reports. TheDeal.com reports that Graham plans to raise up to $429.3 through the proposed IPO, selling 16.7 million shares at between $14 and $16 a share.
January 27, 2010
reports that Graham plans to raise up to $429.3 through the proposed IPO, selling 16.7 million shares at between $14 and $16 a share. Blackstone will offer 6.7 million shares, and the company would be listed on the New York Stock Exchange under the symbol GRM. A Graham representative contacted by PlasticsToday said that as the company remains in a "quiet period" it cannot comment on the specifics of the deal at this time.
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