Wegavision
10.75 million additional shares of Birkenstock will be issued, with prices ranging from $44 to $49 per share. L Catterton, the company's majority shareholder and investment manager, will offer an additional 21.51 million shares at the same price. The final price is anticipated on October 10, and trading will begin on October 11.
Both the State Pension Fund of Norway (also known as the Petroleum Fund) and Durable Capital Partners LP have declared their desire to invest $300 million each in the offering. The holding company LVMH, which already owns stock in Birkenstock, is ready to pay up to $325 million for more shares.
Birkenstock will use the money raised to pay down its debt.
source: bloomberg.com
Both the State Pension Fund of Norway (also known as the Petroleum Fund) and Durable Capital Partners LP have declared their desire to invest $300 million each in the offering. The holding company LVMH, which already owns stock in Birkenstock, is ready to pay up to $325 million for more shares.
Birkenstock will use the money raised to pay down its debt.
source: bloomberg.com
