Tegel priced at $1.55 a share, near bottom of the range

Tegel priced at $1.55 a share, near bottom of the range
Paul McBeth
By Paul McBeth April 20 (BusinessDesk) - Tegel Group Holdings,  the poultry group controlled by private equity firm Affinity Equity Partners, will sell shares at $1.55 apiece in the year's first initial public offering, near the bottom of its indicative price range.  The price was set in a bookbuild held on Monday and Tuesday, and was oversubscribed with interest from New Zealand, Australia and international investors, said a spokeswoman for the company. Priority was given to long-term, high-quality investors to ensure the quality of shar...