Key Developments: Seneca Foods Corporation (SENEA.O)
27.50USD
9 Feb 2010
$0.17 (+0.62%)
$27.50
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$27.84
$27.43
45,621
57,907
$34.40
$18.85
Latest Key Developments
Seneca Foods Corporation Announces Closing Of Secondary Offering Of Class A Common Stock
Seneca Foods Corporation announced that the previously announced public offering of Class A common stock by certain of its shareholders has closed. In addition, on July 20, 2009, the underwriters notified the Company and the selling shareholders that they have exercised in full their over-allotment option to purchase an additional 489,956 shares of the Company's Class A common stock from the selling shareholders. As a result, the selling shareholders sold a total of 3,756,332 shares of Class A common stock. Seneca Foods did not receive any of the proceeds from the offering. Merrill Lynch & Co. acted as sole book-running manager and Piper Jaffray & Co. was joint lead manager of the offering.
Seneca Foods Corporation Announces Pricing Of Secondary Stock Offering
Seneca Foods Corporation announced the pricing of the previously announced secondary offering by certain of its shareholders of 3,266,376 shares of Class A common stock at a price to the public of $22.00 per share. The selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 489,956 shares of Class A common stock to cover overallotments, if any. Merrill Lynch & Co. is sole book-running manager and Piper Jaffray & Co. is joint lead manager of the offering. The offering is expected to close on July 21, 2009. Seneca Foods will not receive any of the proceeds from the offering.
Seneca Foods Corporation Announces Secondary Offering
Seneca Foods Corporation announced a secondary offering by certain of the Company's shareholders of 3,702,000 shares of Class A common stock. The offering includes an option for the underwriters to purchase up to 554,332 additional shares from the selling shareholders to cover overallotments, if any. The offering is being conducted as a public offering pursuant to an effective registration statement under the Securities Act of 1933. Merrill Lynch & Co. is sole book running manager and Piper Jaffray &Co. is joint lead manager of the offering. Seneca Foods will not receive any of the proceeds from this offering.
Seneca Foods Corporation Announces Resignation of CFO-Form 8-K
Seneca Foods Corporation announced in its Form 8-K that Philip G. Paras resigned as Chief Financial Officer of the Company, effective August 4, 2006.
Seneca Foods Corporation Names John Pasqualoni Permanent President and Chief Executive Officer
Seneca Foods Corporation announced that John Pasqualoni has been named the President and Chief Executive Officer.
Chiquita Brands International Completes Sale of Vegetable Canning Subsidiary to Seneca Foods Corporation
Chiquita Brands International reported that it has completed the previously announced sale of its vegetable canning subsidiary, Chiquita Processed Foods LLC, to Seneca Foods Corporation.
Chiquita Brands International to Sell Processed Foods Subsidiary to Seneca Foods Corporation
Seneca Foods Corporation and Chiquita Brands International announced that they have signed a definitive agreement for Chiquita to sell all of the equity interests in its vegetable canning subsidiary, Chiquita Processed Foods, L.L.C. (CPF), to Seneca for approximately $125 million in cash and stock, plus the assumption of debt. Separately, Seneca announced that it has signed a memorandum of understanding for Lakeside Foods, Inc. to purchase four CPF facilities in the Midwest from Seneca.
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