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American National Can Group, Inc.
8770 W. Bryn Mawr Avenue, Chicago, IL 60631 * (773) 399-3000
Business Description The company is the second largest producer of two-piece beverage cans and ends in the world, based on 1998 net sales.
Offering
Information

Company has
gone public

Trading As  CAN (NYSE) Industry  Manufacturing (SIC 3411)
Type of Stock Offered  Common Shares Filing Date  04/21/1999
Domestic Shares Offered  30,000,000 Offer Date  07/27/1999
Foreign Shares Offered  0 Filing Range  $21.00 - $24.00
Company Shares  0 Offer Price  $17.00
Selling Shrhldrs Shares  30,000,000 Gross Spread  $0.850
Gross Proceeds  $510,000,000 Selling  $0.510
Expenses  - - Reallowance  $0.100
Post-IPO Shares  - - Employees  - -
Spun out from Pechiney
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
CS First Boston Lead Manager (212) 325-2000
Deutsch Banc Alex. Brown Co-manager (410) 727-1700
Goldman, Sachs & Co. Co-manager (212) 902-5959
Lehman Brothers Incorporated Co-manager (212) 526-8100
Merrill Lynch & Co. Co-manager (212) 449-4600
Salomon Smith Barney Co-manager (212) 723-7300
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures - - Months Ending
Figures in U.S. millions except per share data 12/31/1994 12/31/1995 12/31/1996 12/31/1997 12/31/1998    
Revenues   2,446.000 2,677.000 2,520.000 2,465.000 2,459.000 - -
Income from Oper.   -330.000 124.000 -101.000 112.000 201.000 - -
Net Income   -361.000 29.000 -163.000 10.000 110.000 - -
E.P.S   - - - - - - -
Revenue Growth (%)      9.44 -5.86 -2.18 -0.243   -
Net Income Growth (%)      - - - 1,000.00   -
Oper. Profit Margin (%)    - 4.63 - 4.54 8.17 - -
Net Profit Margin (%)    - 1.08 - 0.41 4.47 - -
Cash Flow - Oper.     185.48 - -
Cash Flow - Inv.     -58.20 - -
Cash Flow - Fin.     21.19 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/1998 Financial Ratios
Total Assets    3,927.00 Current Assets    743.60 Current Ratio    0.59
Total Liab.    2,389.00 Current Liab.    1,270.47 Debt Ratio    60.84%
Total Equity    1,538.00 Working Cap.    -526.87 Debt to Equity Ratio    1.55
Cash    171.00    Return on Assets   2.80%
Use Of
Proceeds
The proceeds from the proposed offering will be distributed to selling shareholder.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Shearman & Sterling
Bank's Law Firm  Cleary, Gottlieb, Steen & Hamilton
Auditor  Pricewaterhouse Coopers LLC
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Last updated: 09/29/1999 3:50:44 AM
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