Consumables
Kraton Performance Polymers, Inc. Announces Pricing of the Secondary Public Offering of Common Stock
Friday 01. April 2011 - Kraton Performance Polymers, Inc. (NYSE: KRA), a leading global producer of styrenic block copolymers, announced today the pricing of the secondary public offering of 9,988,072 shares of its common stock held by affiliates of TPG Capital, L.P. and J.P. Morgan Partners, LLC at a price of $37.75 per share, representing all of the shares of common stock held by the selling stockholders.
The Company will not receive any proceeds from the offering, and the total number of shares of common stock outstanding will not change as a result of this offering.
Credit Suisse Securities (USA) LLC, BofA Merrill Lynch, Morgan Stanley& Co. Incorporated, Goldman, Sachs & Co., and Oppenheimer & Co. Inc. are the bookrunning managers of the offering.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.