Packers Sell Stock in Team - WAOW - Newsline 9, Wausau News, Weather, Sports

Packers Sell Stock in Team

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MADISON, Wis. (AP) -- Green Bay Packers President Mark Murphy says the team sold more than a thousand shares in the opening moments of its stock sale.

   Murphy said in a teleconference with reporters the team sold 1,600 shares online in the first 11 minutes of the sale Tuesday morning.

   The sale marks the fifth time in the Packers' 92-year-history the publicly owned team has sold stock. The team has put 250,000 shares up at $250 each plus a $25 handling charge per order.

   Murphy says the team hopes to generate at least $22 million to help defray the cost of a $143 million renovation project at Lambeau (LAM'-boh) Field.

   The stock has no financial value and can't be resold. The stockholder can vote on team business and attend annual meetings, though.

   (Copyright 2011 by The Associated Press.  All Rights Reserved.)

 

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