Posted 4/7/2014 12:00 am
Updated 6 months ago
We’re sure you remember that Mountain Valley Spring Water of Hot Springs was acquired last month, but did you know that its plans for an initial public stock offering are officially off the table?
CEO Breck Speed III said in an April 1 letter to the U.S. Securities & Exchange Commission that Mountain Valley “does not desire to pursue an offering of its securities at this time.”
The one-page letter didn’t offer any details on why Mountain Valley pulled the plug on its IPO plans. Speed wasn’t immediately available for comment.
Mountain Valley took the first steps to become a publicly traded company in December 2011, but since then, there hasn’t been much activity.
On March 4, Mountain Valley was acquired for an undisclosed price by the investment group led by Great Range Capital of Kansas City.