By a News Reporter-Staff News Editor at Investment Weekly News -- Berry Plastics Group, Inc. (NYSE: BERY) (the "Company") announced the commencement of a secondary public offering of 14,728,218 shares of the Company's common stock by certain funds affiliated with Apollo Global Management, LLC (collectively, the "Selling Stockholders"). The Company itself is not selling any shares and will not receive any proceeds from the proposed offering, and it will not change the number of shares of the Company's common stock that are currently outstanding. The underwriter may offer the shares of Company common stock in transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market rates or at negotiated prices.
Citigroup is acting as the sole underwriter for the offering. A shelf registration statement (including prospectus) relating to the shares is effective with the Securities and Exchange Commission ("SEC"). Before you invest, you should read the prospectus and other documents filed with the SEC for more complete information about the Company and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies of the prospectus and prospectus supplement, when available, may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146).
Keywords for this news article include: Banking and Finance, Berry Plastics Group Inc.
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