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Premium Brands Holdings Corporation Announces the Completion of the Acquisition of Stampede Culinary Partners, Inc.
Premium Brands Holdings Corporation Announces the Completion of the Acquisition of Stampede Culin...
About this update from Premium Brands Holdings Corporation
[{"type":"text","content":"Premium Brands Holdings Corporation Announces the Completion of the Acquisition of Stampede Culinary Partners, Inc.\n\n\nPremium Brands Holdings Corporation Announces the Completion of the Acquisition of Stampede Culinary Partners, Inc.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\nAll amounts in Canadian dollars unless otherwise stated\nNOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.\nVANCOUVER, BC, Jan. 2, 2026 /CNW/ - Premium Brands Holdings Corporation (\"Premium Brands\" or the \"Company\") (TSX: PBH), a leading producer, marketer and distributor of branded specialty food products, is pleased to announce the successful completion of the previously announced acquisition of Stampede Culinary Partners, Inc. (the \"Stampede Acquisition\").\nThe purchase price for the Stampede Acquisition, subject to further customary post-closing net working capital adjustments and excluding transaction costs, was approximately US$688.0 million and consisted of (i) the initial base purchase price of approximately US$662.5 million comprised of (a) US$512.5 million in cash and (b) the issuance of US$150.0 million of common shares (approximately 2.2 million common shares) of the Company (\"Shares\") to the seller, (ii) initial customary net working capital adjustments of approximately US$10.5 million, and (iii) reimbursement for cash on hand of approximately US$15.0 million.\nIn order to partially finance the Stampede Acquisition, the Company completed the issue and sale of: (i) 3,303,260 subscription receipts (the \"Public Subscription Receipts\") at a price of $97.50 per Public Subscription Receipt, for gross proceeds of approximately $322 million; $172.5 million aggregate principal amount of 5.50% convertible unsecured subordinated debentures (the \"Debentures\" and, collectively with the Public Subscription Receipts, the \"Public Offering\") at a price of $1,000 per Debenture, for gross proceeds of $172.5 million; and (iii) an aggregate of 1,743,600 subscrip...