Univar Inc. Announces Closing of Initial Public Offering and Full Exercise of Over-Allotment Option by Underwriters
23 June 2015
DOWNERS GROVE, Ill. – June 23, 2015 – Univar Inc. (NYSE: UNVR) (the “Company”), a global chemical distributor and provider of value-added services, announced today the closing of its previously announced initial public offering of common stock at a price of $22.00 per share. The Company’s common stock began trading June 18 on the New York Stock Exchange under the ticker symbol UNVR.
The underwriters for the initial public offering exercised in full their option to purchase from certain of our stockholders an additional 5,250,000 shares of common stock. As a result, 20,000,000 shares of common stock were sold by the Company and 20,250,000 shares of common stock were sold by certain of our stockholders in the initial public offering. In addition, the Company completed a concurrent private placement of $350 million of shares of common stock to Dahlia Investments Pte. Ltd., an indirect wholly owned subsidiary of Temasek Holdings (Private) Limited.
Deutsche Bank Securities, Goldman, Sachs & Co., and BofA Merrill Lynch acted as joint book-running managers. Additional book-running managers were Barclays Capital Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Jefferies LLC, and Morgan Stanley & Co. LLC.
Copies of the prospectus relating to the offering may be obtained from:
- Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by email to firstname.lastname@example.org, or by telephone at (800) 503-4611.
- Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, by email to email@example.com, by telephone at (866) 471-2526, or by fax at (212) 902-9316.
A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission (SEC). This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these shares in any state in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any state.