Why is Bimbo looking for cash?

Sept. 24, 2014 - PRLog -- The Mexican Grupo Bimbo will have a primary public offering of 201,250,000 shares, which will allow the company to raise additional resources to repay debt and for other corporate purposes.


The decision was approved by the Assembly of shareholders of the giant bakery and reportedly will be a public offer in Mexico and a private offer in the United States and in other markets.

Considering the closing price of their Series “A” stock of 39.72 pesos, the resources acquired through this movement would total $ 600 million.

“It was approved that the public offering of shares to be held in Mexico, through the BMV, simultaneously with an offer to subscribe for shares in the United States and other overseas markets, under Rule 144A and Regulation S of the Securities Act of 1933 (Securities Act of 1933) in the United States and other applicable provisions of up to 201million 250 thousand ordinary shares of..read the entire free article by clicking on this link http://abastomedia.com/en/bimbo-will-looking-money/