Univar Inc. Announces Closing of Initial Public Offering and Full Exercise of Over-Allotment Option by Underwriters
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.