Ethanol Company Hawkeye Cancels IPO

Hawkeye Holdings Inc., an Iowa Falls, Iowa-based ethanol producer, has withdrawn registration for a proposed $350 million IPO. It previously had postponed the offering, with CEO Bruce Rastetter saying: “We have decided to temporarily delay our IPO in light of current conditions in the equity markets, and the recent pullback in the energy segment in particular, which are not conducive at this time to achieving appropriate valuation.” Credit Suisse, Morgan Stanly and BofA were to serve as co-lead underwriters, while Thomas H. Lee Partners holds a 79% pre-IPO position. www.hawkrenew.com