Chesapeake Corporation files shelf registration statement
Jun 23, 2005. Chesapeake Corporation announced the filing on Thursday of a shelf registration statement with the securities and exchange commission.
Jun 23, 2005. /Lesprom Network/. Chesapeake Corporation announced the filing on Thursday of a shelf registration statement with the securities and exchange commission, which will permit the corporation to offer and sell, from time to time, various types of securities, including debt securities, preferred stock, depositary shares, common stock, warrants, stock purchase contracts and stock purchase units, having an aggregate offering price of up to $300 million, or the equivalent amount in one or more non-U.S. currencies. The registration statement carries forward $68.5 million of securities unissued under the corporation's December 2003 registration statement. The corporation intends to use the proceeds of any offering under the shelf registration for general corporate purposes, which may include the repayment of indebtedness, financing acquisitions and the repurchase of outstanding Chesapeake securities.
Chesapeake Corporation is a leading international supplier of value-added specialty paperboard and plastic packaging with headquarters in Richmond, Virginia. The company is one of Europe's premier suppliers of folding cartons, leaflets and labels, as well as plastic packaging for niche markets. Chesapeake has more than 50 locations in Europe, North America, Africa and Asia and employs approximately 6,000 people worldwide.