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2012-03-01 at 10:36

Packers sells 268,000 shares, raising $67M

By Dinesh Ramde, The Associated Press
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MILWAUKEE - The Green Bay Packers say they sold more than 268,000 shares in their most recent stock offering, raising $67 million dollars to help fund stadium improvements.

The team said Thursday it added more than 250,000 new shareholders in the latest stock sale — its fifth in team history.

About half of the sales were in Wisconsin. Illinois and California tied for second, each accounting for about 8.5 per cent of sales. Minnesota and Texas were next with 5 per cent each.

Each share cost $250, plus handling fees of $25 in the U.S. and $35 in Canada. The shares are essentially worthless, but holders can call themselves team owners and attend the annual stockholder meeting.

The offering began Dec. 6. Most of the sales came in the first 48 hours.

The Canadian Press
© The Canadian Press, 2014

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