November 9, 2017 |
International Meal Company, a Brazilian food and casual diner, will price a restricted follow-on equity offering today that could swell near $200m.
Private equity fund Advent International is offloading 55.54m shares in the all-secondary Rule 476 trade, according to a securities filing on Brazil's CVM.
The company, which trades under the MEAL3 ticker, has seen its stock soar in the last three months, peaking last month at BRL11.4 apiece from BRL7.68 in August. Upon announcement of the offering,
Food firm's possible $200m transaction comes amid high demand for GMexico and Atento stock options