UPDATE 1-Graham Packaging files for $350 mln IPO - News

Runway Angels
The superbowl of fashion shows, models walk down the runway at the 2009 Victoria's Secret Show.
Smartphone Guide
Here's a need-to-know guide to nine devices, based on features, price, network and platform.
Wines for the Holidays
Not quite sure what wine to pair with Turkey or Creme Brulee? Our experts do.

FEATURED QUIZZES

How Well Do You Know Your Bird?
Let's talk turkey. Test your turkey knowledge and perhaps pick up a bit of trivia to trot out at your holiday meal.
A Healthier & Wealthier You
Take the following quiz and find out how much you know about the impact of obesity on the health of the U.S. economy.
The Billionaire BFF's
Philanthropists. Bridge partners. Hockey players. Which responses are based on facts from Buffett's and Gates' real lives?

SPECIAL REPORTS

Winterizing Your Portfolio
If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.
Investor's Guide to Real Estate
Some even say the long-awaited recovery is here. Regardless, buyers and sellers alike can profit from our guide.
Alternative Investing
Stocks and bonds? Sure. But it's a big world out there for investors.

CNBC ON DIGG

UPDATE 1-Graham Packaging files for $350 mln IPO

By: AFX | 02 Nov 2009 | 06:44 PM ET

Text Size

* Blackstone holds 81 pct limited partnership interest * Unit GPC Capital to change name to Graham Packaging Co Nov 2 (Reuters) - Blackstone-controlled plastic container maker Graham Packaging Co Inc filed with U.S. regulators on Monday to raise up to $350 million in an initial public offering, the latest in a series of attempted private equity-backed offerings. Immediately prior to the IPO, GPC Capital Corp II, a unit of Graham Packaging Holdings Co, will change its name to Graham Packaging Co, according to the regulatory filing. Blackstone Group and affiliates hold an 81 percent limited partnership interest in the parent company Graham Packaging Holdings. In June 2008, special purpose acquisition company Hicks Acquisition Co partnered Blackstone to take Graham Packaging public in a 3.2 billion deal. But earlier this year, the companies terminated the deal to look at other transactions. The filing did not reveal how many shares the company planned to sell or its intended listing symbol and stock exchange. (Reporting by Sayantani Ghosh in Bangalore; Editing by Pradeep Kurup) Keywords: GRAHAMPACKAGING/IPO (sayantani.ghosh@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

Tools: