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The Packers announced Tuesday that supporters of the team's fifth stock offering have purchased nearly 250,000 shares and that the team is expanding the offering by 30,000 shares to accommodate the widespread interest. The offering will continue until Feb. 29, 2012, unless prior to that date the Packers sell the maximum number of shares that they are offering.
"The support from our fans has been outstanding and we appreciate their enthusiasm," said Packers president/CEO 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."
Proceeds from the offering will go toward the expansion of Lambeau Field, a $143 million project that includes 6,700 seats and new video boards. The expansion is expected to be completed in time for the 2013 season. Other financing components include a traditional loan and possible NFL funding.
The offering document and purchasing information are available online at www.packersowner.com. Fans interested in purchasing shares are encouraged to go online to view the document and make a purchase. Credit and debit cards (Visa, MasterCard and American Express) can be used online.
For those without Internet access, a toll-free number — 855 8-GO PACK (855-846-7225) — is available to request the offering document by mail, for transactions to then be completed by mail.
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