Perdigão Prices Global Offering

Brazilian meatpacker Perdigão has priced its global offering of 32 million common shares, which was given the go-ahead Friday by local securities regulator (CVM). The company said it had priced the shares at R$25 per common share and $23.40 per ADS. Each ADS represents two common shares. The global offering, which is expected to raise around $430 million, comprises an international offering of 13,270,529 common shares, including common shares in the form of ADS, issued in the United States and other countries outside Brazil and a concurrent offering of 18,729,471 common shares in Brazil. Credit Suisse Securities and Itaú Securities. are acting as joint bookrunners for the international offering. CVM had earlier suspended the October 19 offering after one of the brokers acting for the company broke the “quiet period” disclosure regulations.