Aramark Holdings Co. expects to raise up to one billion dollars with its planned initial public offering of stock, reports the Financial Times. The company will price an estimated 36.3 million shares—28 million newly issued and 8.3 million from current holders—at between $20 and $23 a share, according to an analysis of SEC filings by the Wall Street Journal. Aramark had announced plans back in September for an IPO of up to $100 million and will use the proceeds to pay down debt ...
Register to view this Article
Why Register for FREE?
Registering for Premium Content on Food Management will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick.