Chr. Hansen books see off US scare
The bookrunners of a Dkr1.725bn ($312m) block of Christian Hansen stock had a nervous Wednesday evening after launching the deal and then seeing US markets sell off 2% in the last 45 minutes of New York trade. It went well, with a good level of oversubscription and subsequent share price performance, but the volatile backdrop gave another reminder – if one was needed — of the difficulty in finding windows for even the quickest of transactions.
It was another reminder to people that in these markets you need to be really cautious in the blocks business, said one syndicate banker.PAI Partners sold 15m shares, 10.9% of the Danish food ingredients firm after mandating joint bookrunners Goldman Sachs and JP Morgan. JPM was part ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org