Smithfield Foods Inc. (NASDAQ:SFD) Parent Company Selling 19.53M Shares

Smithfield Foods Inc. (NASDAQ:SFD) is one of the best FMCG stocks to invest in. On September 4, the company confirmed the pricing of a secondary public offering of 19.53 million shares of the company’s common stock, sold by SFDS UK Holdings Limited. The offering is priced at $23.35 a share.

The selling shareholder has also granted underwriters a 30-day option to purchase an additional 2.93 million shares at the public offering price, less underwriting discounts and commissions. Smithfield Foods is not selling any shares of common stock and will not receive any proceeds from the sale.

Smithfield Foods Inc. (NASDAQ:SFD) is a food company that processes and sells a wide variety of value-added packaged meats and fresh pork products. It is a market leader with a diverse portfolio of brands, including Smithfield, Eckrich, and Nathan’s Famous.

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Disclosure: None. This article is originally published at Insider Monkey.