Multi-Color files $300 million shelf for preferreds, debt securities

By Jennifer Chiou

New York, Feb. 15 - Multi-Color Corp. registered an up to $300 million shelf covering common stock, preferred stock, depositary shares, debt securities, warrants and units in an S-3 filing with the Securities and Exchange Commission.

In addition, shareholders may sell up to 2,552,902 of their holdings at $23.26 per share for a maximum offering price of $59,380,500 in the secondary. The company will not receive any proceeds from the secondary offering.

Proceeds from the primary offering will go toward general corporate purposes.

Multi-Color is a Cincinnati-based label products company. Its stock (Nasdaq: LABL) closed at $22.42 per share on Feb. 10 and at $22.07 apiece on Feb. 15.

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