SIRVA Prices Initial Public Offering of Common Stock at $18.50 Per Share CHICAGO, Nov. 25 /PRNewswire-FirstCall/ -- SIRVA, Inc., a Clayton, Dubilier & Rice portfolio company and a global relocation services provider, announced today that its initial public offering of 21,052,632 shares of common stock has been priced at $18.50 per share. Shares of SIRVA's common stock will be listed on the New York Stock Exchange under the symbol "SIR" and will begin trading today. SIRVA is offering 13,513,514 of the shares to be sold in the offering and the selling stockholders are offering an additional 7,539,118 shares. The selling stockholders have granted the underwriters an option to purchase up to an additional 3,157,894 shares from them to cover over-allotments. SIRVA will not receive any of the proceeds from the sale of the shares being sold by the selling stockholders. Following the initial public offering, SIRVA will have approximately 70,400,000 shares of stock outstanding. SIRVA intends to use the net proceeds of the offering primarily for the repayment of debt. Credit Suisse First Boston and Goldman, Sachs & Co. are acting as joint book-running managers for the offering. Deutsche Bank Securities is acting as lead manager and Banc of America Securities LLC, Citigroup and JPMorgan are acting as co-managers for the offering. SIRVA, Inc., majority owned by Clayton, Dubilier & Rice-managed funds, is a leader in providing relocation services to corporations, consumers and governments around the world. Operating in 43 countries with approximately 7,000 employees, SIRVA brands include SIRVA Relocation, Allied, northAmerican, Global, Pickfords (in the U.K.), Allied Pickfords (in Europe, Australia, New Zealand and Asia), Scanvan (in Sweden, Norway and Denmark), and Maison Huet (in France). A prospectus relating to the offering may be obtained from Credit Suisse First Boston LLC, Prospectus Department, One Madison Avenue, New York, NY 10010 (telephone number: 212-325-2580), or from the offices of Goldman, Sachs & Co., Prospectus Department, 85 Broad Street, New York, NY 10004 (telephone number: 212-902-1171). DATASOURCE: SIRVA, Inc. CONTACT: Media - Jim Trainor, Vice President, Corporate Communications of SIRVA, Inc., +1-630-468-4828 (Work), or +1-630-334-7865 (Cell); or Chuck Dohrenwend of Broadgate Consultants, Inc., +1-212-232-2227, for SIRVA, Inc.; Investor - John Springer, Vice President, Financial Planning & Analysis of SIRVA, Inc., +1-630-468-4797; or Alan Oshiki of Broadgate Consultants, Inc., +1-212-232-2354, for SIRVA, Inc.

Copyright