Blackhawk Network Holdings, Inc., a majority-owned subsidiary of food and drug retailer Safeway Inc. (SWY) Monday said the estimated price range of the initial public offering of 10 million shares of its Class A common stock, with an additional 1.5 million shares subject to the underwriters' option to purchase additional shares, is $20 to $22 per share. The IPO will consist of solely of shares to be offered by existing stockholders, including Safeway, said the company.
Goldman, Sachs & Co., BofA Merrill Lynch, Citigroup and Deutsche Bank Securities will serve as joint-bookrunning managers, with Goldman, Sachs & Co. serving as the global coordinator for the proposed offering.
For comments and feedback: editorial@rttnews.com