Horizon Lines Announces Pricing of Secondary Offering
Horizon Lines, Inc.announced the public offering of 5,300,000 shares of its
common stock, all of which are being sold by stockholders of the Company,
at a price to the public of $14.50 per share. The selling stockholders have
also granted the underwriters a 30-day option to purchase up to 795,000
additional shares from them. The Company will not be issuing any primary
shares in the offering or upon the exercise of the underwriters' option.
The offering is being made through an underwriting syndicate led by
Deutsche Bank Securities Inc., J.P. Morgan Securities Inc. and Goldman,
Sachs & Co.
