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Suntory Beverage & Food Ltd Set To Price IPO-Reuters


Monday, 24 Jun 2013 12:00am EDT 

Reuters reported that Suntory Beverage & Food Ltd is set to price on June 24, 2013 an Initial Public Offering that could raise as much as $4.8 billion, making it Asia's biggest IPO this year and bolstering the Company's warchest for overseas acquisitions. Suntory Beverage said that it had set an indicative range of JPY3,000 to JPY3,800 per share, a relatively wide band in reflection of the recent stock market volatility. About 40% of its outstanding shares are on offer. At the top of the range, it would raise JPY470 billion ($4.8 billion) including the overallotment.