Packers expand stock offering

Capitalizing on the strong public response to their latest stock offering, the Green Bay Packers are expanding the offering by an additional 30,000 shares.
In the team’s fifth stock offering, fans bought nearly 250,000 shares. The expansion will bring the total shares of the offering to be sold to 280,000.
The shares are priced at $250.
The Packers’ offering will continue until Feb. 29 or end sooner if the maximum number of shares are sold. No one may buy more than 200 shares.
Proceeds will be applied toward a portion of the costs of expanding the team’s Lambeau Field, a $143 million project that includes 6,700 seats and new video boards and will be complete for the 2013 season. Other financing components include a traditional loan and possible NFL funding.
“The support from our fans has been outstanding and we appreciate their enthusiasm,” said Packers president and chief executive officer Mark Murphy. “We continue to receive interest in the offering, and this increase in the number of available shares will help ensure that we are able to accommodate all those who want to become shareholders.”
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