Beringer Wine Estates Holdings Inc. Files Registration Statement With Securities and Exchange Commission for Proposed Initial Public Offering.ST. HELENA, Calif.--(BUSINESS WIRE)--Aug. 27, 1997--Beringer Wine Estates Holdings Inc. announced today that it has filed with the Securities and Exchange Commission a registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the proposed initial public offering of 4,850,000 shares of its Class B Common Stock. All of the shares will be sold by the company, including 600,000 shares, which may be purchased by current stockholders. The company will grant the underwriters an option to purchase an additional 420,000 shares to cover over-allotments, if any. The price range is expected to be $21 to $23 per share. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of the offering will be used to redeem all outstanding shares of the company's preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. , prepay the company's subordinated notes and partially prepay senior debt, and for working capital and general corporate purposes. Beringer Wine Estates Holdings Inc. is a leading producer of premium California varietal table wines, marketed under the Beringer, Meridian Vineyards, Chateau St. Jean, Napa Ridge, Chateau Souverain and Stags' Leap brand names. The shares will be offered by an underwriting group managed by Goldman, Sachs & Co., Donaldson, Lufkin & Jenrette Securities Corp., Hambrecht & Quist LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. Inc. When available, the preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders relating to these securities may be obtained from Goldman, Sachs & Co., One New York Plaza One New York Plaza is an office building in New York City, built in 1969, and is located at the intersection of South and Whitehall Streets (). It is the southernmost of all Manhattan skyscrapers. , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10004, Attn: Prospectus Dept.; Donaldson, Lufkin & Jenrette Securities Corp., 277 Park Avenue, New York, NY 10172, Attn: Prospectus Dept.; Hambrecht & Quist LLC, One Bush St., 18th Floor, San Francisco, CA 94108, Attn: Prospectus Dept.; and Smith Barney Inc., 288 Greenwich St., New York, NY 10013, Attn: Prospectus Dept. -0- 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 be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. CONTACT: Beringer Wine Estates Tor Kenward, 707/963-8989 ext. 2167 |
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