Central European Distribution sets pricing of offer to sell 10.3 million shares; stock falls

Central European Distribution prices stock offer

BALA CYNWYD, Pa. — Central European Distribution Corp. late Wednesday priced its public offer of nearly 10.3 million shares of its common stock at $31 per share, slightly below the stock’s closing price of $31.78.

After the announcement, shares of the beer and spirits importer and distributor fell $1.64, or 5.2 percent, to $30.14 in opening trading Thursday

The underwriters will have the option to buy an additional 1 million shares to cover any overallotments in the offering, which is expected to close around Tuesday.

Jefferies & Co. and UniCredit are joint book-running managers.