Wayne Farms Sets Price Range for IPO, With Plans to Raise About $300M

NEW YORK ( TheDeal) --Wayne Farms, the Oakwood, Ga.-based producer of broiler chickens, set the price range for its initial public offering at between $18 and $21 a share, according to an amended S-1 filed Monday with the Securities and Exchange Commission on Monday. 

At the midpoint of the range, or $19.50 a share, the company would raise nearly $250 million, based on an offering of about 12.8 million shares. At the midpoint of that range, the company would raise close to $234 million.

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