| Industrias Bachoco SA de CV | |||
| Ticker: | IBA | ||
| Exchange: | New York Stock Exchange | MEX | |
| Industry: | Agricultural (SIC Code 0251) | ||
| Type of Shares: | American Depositary Receipts | Filing Date: | 8/22/97 | |
| U.S. Shares: | 7,500,000 | Offer Date: | 9/19/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $17.00 - $19.00 | |
| Primary Shares: | 7,500,000 | Offer Price: | $17.00 | |
| Secondary Shares: | 0 | Gross Spread: | ||
| Offering Amount: | $135,000,000 | Selling: | ||
| Expenses: | - | Reallowance: | ||
| Shares Out After: | - |
| Manager | Tier | Phone |
| J.P. Morgan Securities Inc. | Lead Manager | (212) 648-0517 |
| Morgan Stanley Dean Witter Discover & Co. | Co-manager | (212) 761-5900 |
| Nesbitt Thompson Securities | Co-manager | (416) 586-3600 |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/97 | |||||
| Revenue: | $252.20 | Assets: | |||
| Net Income: | $47.50 | Curr Assets: | |||
| EPS: | $1.00 | Liabilities: | |||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | ||||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is the largest poultry producer in Mexico. The company produces chicken, eggs and swine. The company produces about 3.5 million broilers a week or 19.3% of total Mexican Chicken production. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to finance its capital investment program and for general corporate purposes, which may include expansion and improvement of facilities. |