NBP National Beef

KANSAS CITY, Mo., Dec. 7 /PRNewswire-FirstCall/ -- National Beef, Inc. announced today the launch of its initial public offering of 17,250,000 shares of its Class A common stock, par value $0.01 per share. The estimated price range for the initial public offering is $15.00 to $17.00 per share. National Beef has been approved to trade its Class A common stock on The New York Stock Exchange under the ticker symbol "NBP". The underwriters will be granted a 30-day option to purchase from National Beef up to an additional 2,587,500 shares of Class A common stock at the initial public offering price, less the underwriting discount, to cover over-allotments, if any. BofA Merrill Lynch and Credit Suisse Securities (USA) LLC will act as joint book-running managers for this offering. Barclays Capital will act as senior co-manager for this offering. BMO Capital Markets and Stephens Inc. will act as co-managers for this offering. The offering of these securities will be made only by means of a prospectus, copies of which may be obtained from: BofA Merrill Lynch at 4 World Financial Center, New York, NY 10080, Attention: Prospectus Department, or by emailing ; or Credit Suisse Securities (USA) LLC at One Madison Avenue 1B, New York, NY 10010, Attention: Prospectus Department, or by calling (800) 221-1037. A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About National Beef, Inc. National Beef, Inc. was incorporated in October 2009 for the purpose of becoming the managing member of, and holding an ownership interest in, National Beef Packing Company, LLC ("NBP"). NBP sells fresh and frozen beef, case ready beef and beef by-products to customers in the United States and international markets. NBP is one of the largest beef processing companies in the United States. With corporate headquarters in Kansas City, Missouri, the Company has operations in Liberal, Dodge City and Kansas City, Kansas; Brawley, California; Hummels Wharf, Pennsylvania; Moultrie, Georgia, and St. Joseph, Missouri. DATASOURCE: National Beef, Inc. CONTACT: Simon P. McGee, Senior Vice President - Corporate Strategy & Acquisitions, +1-816-713-8618

Copyright