UAP Holding Co. files $625 million IDS offering

GREELEY – UAP Holding Corp., the holding company for United Agri Products of Greeley, has filed for rights to sell up to $625 million in income deposit securities, or IDS shares.

IDS shares, a new form of security introduced last year, “represent shares of a company’s common stock and debt combined into one security that trades like a stock on an exchange,” according to a definition by the American Stock Exchange.

Underwriters for the UAP offering include CS First Boston, UBS Investment Bank, CIBC World Markets, Goldman Sachs and Merrill Lynch.

UAP Holdings is offering the IDS shares representing shares of Class…