Hain Celestial Group Announces Offering of Heinz Shares
Heinz is offering 5,295,957 shares of common stock and has granted the underwriters a 30-day option to purchase up to 794,394 additional shares of common stock to cover over-allotments, if any.
14/12/05 The Hain Celestial Group, Inc. has filed a prospectus supplement with the Securities and Exchange Commission under an existing shelf registration statement for a public offering of common stock held by an affiliate of H. J. Heinz Company. Heinz is offering 5,295,957 shares of common stock and has granted the underwriters a 30-day option to purchase up to 794,394 additional shares of common stock to cover over-allotments, if any. Hain Celestial will not receive any of the proceeds from the sale of the shares by Heinz.
Meanwhile Hain Celestial reconfirmed its fiscal year 2006 guidance of $650 million to $670 million in sales and earnings of $0.98 to $1.05 per share (which does not give effect to the Company's pending acquisition of Spectrum Organic Products, Inc.). Officers of the Company expect to meet with investors and potential investors during the next two weeks. During these meetings, the officers expect to confirm the Company's ability to meet these sales and earnings expectations.
