Lance files shelf registration statement
February 24, 2009
by Josh Sosland
CHARLOTTE, N.C. — Lance, Inc. has field a universal shelf registration statement with the Securities and Exchange for $250 million.
The registration gives the company the ability to offer and sell $250 million in any combination of debt, common stock, preferred stock, depositary shares, warrants, stock purchase contracts or stock purchase units.
David V. Singer, president and chief executive officer, said the company has no specific current plans to offer securities. He added, "It positions us to quickly arrange financing for business opportunities that support our growth strategy."