This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
IRVING, Texas, Dec. 13, 2013 /PRNewswire/ -- Darling International Inc. (NYSE: DAR), today announced that its underwritten public offering of 40,000,000 shares of its common stock was priced at
$19.00 per share. The offering is expected to close on
December 18, 2013, subject to customary closing conditions. In addition, Darling has granted the underwriters a 30-day option to purchase up to 6,000,000 additional shares of Darling common stock.
Darling intends to use the net proceeds of the offering to pay a portion of the consideration for the previously announced acquisition of the VION Ingredients division of VION Holding N.V., which is expected to close in
January 2014, subject to the fulfillment of certain conditions, and related fees and expenses, or for general corporate purposes if the acquisition is not completed.
Goldman, Sachs & Co., J.P. Morgan and BMO Capital Markets are serving as joint book-running managers for the offering and Avondale Partners is serving as co-manager. The shares will be issued pursuant to an effective shelf registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission (SEC). A preliminary prospectus supplement related to the offering has been filed with the SEC and is available on the SEC's website,
http://www.sec.gov. Copies of the final prospectus supplement and the accompanying base prospectus related to this offering may be obtained from Goldman, Sachs & Co., Prospectus Department, 200 West Street,
New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316, or by emailing
firstname.lastname@example.org, from J.P. Morgan Securities LLC, Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York, NY 11717, telephone: 1-631-254-1735 or from BMO Capital Markets, 3 Times Square,
New York, NY 10036, phone: 1-800-414-3627 or by emailing
This news release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.