Warehouse giant Americold postpones IPO
The news service quoted an unidentified source familiar with the company, but who requested anonymity. Americold, a Yucaipa Cos., business, had not issued a public statement as of Friday, May 7, 2010.
Americold began its public offering on April 15 with an initial price of $14 to $16 per share. AP reported that Americold later dropped that price to $9 to $11 each and boosted the number of available shares offered to 60 million from 43 million.
Earlier, officials said Americold hoped to raise about $645 million to acquire its largest competitor, Versacold, based in Vancouver, B.C., Canada.