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Public Offering

BUSINESS
By BLOOMBERG BUSINESS NEWS | August 29, 1996
KANSAS CITY, Mo. -- H&R Block Inc. said yesterday that it has postponed the spinoff of its remaining stake in CompuServe Corp., gambling that the money-losing unit will be able to stem customer defections to cheaper Internet services.The company said it still intends to separate CompuServe from its tax-preparation business. The first step is boosting the unit's stock: Since H&R Block sold a 20 percent stake in an initial public offering in April, CompuServe's shares have plunged 56 percent.
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BUSINESS
By Julie Bell and Julie Bell,SUN STAFF | December 13, 2000
GenVec Inc., faced with what one analyst described as a "do-or-die" situation, pushed ahead yesterday with its initial public offering despite weak demand that forced the company to settle for tens of millions of dollars less in proceeds than initially planned. The Gaithersburg developer of gene therapies grossed about $38 million from the sale of 4 million shares, but only after slashing the offering price for the second time in two days. Presuming a standard underwriting fee of 7 percent, GenVec likely will net only about $35 million - well below the $54.6 million it had targeted at first.
BUSINESS
By Sean Somerville and Sean Somerville,SUN STAFF Bloomberg News contributed to this article | October 8, 1997
I. C. Isaacs & Co. Inc., an 84-year-old Baltimore-based clothing designer and manufacturer that employs about 75 people here, plans to sell 39 percent of its common stock through an initial public offering, according to records filed yesterday with federal regulators.The company makes men's and women's sportswear, selling clothing under the Boss and Beverly Hills Polo Club brands.I. C. Isaacs, which had net sales of $119 million last year, maintains a plant on Bank Street.The terms of the stock sale call for Isaacs to offer 3.8 million common shares at $12 to $14 each.
BUSINESS
By Ted Shelsby | October 24, 1990
American DreamCar Inc., a Bethesda-based company that rebuilds classics from the so-called muscle cars of the '60s and '70s, announced yesterday that it is seeking Securities and Exchange Commission approval for its initial public offering of stock.It also revealed that it could be moving its assembly plant to Baltimore from the Cleveland area.Robert G. Seasonwein, president of DreamCar, said the company needs to consolidate its production and has been meeting with Maryland Department of Economic and Employment Development officials to discuss combining two of its plants, potentially employing 60 workers at a new site in Baltimore.
BUSINESS
May 5, 1993
Andersen settles with Conn.Arthur Andersen & Co. has agreed to pay $3.5 million to settle charges of poor accounting work for the failed Colonial Realty Co., the state attorney general in Connecticut said yesterday.The nation's largest accounting firm also agreed to accept a one-year ban on new contracts with the state and it promised to adopt more stringent rules on gifts its accountants can receive, said Attorney General Richard Blumenthal.3DO public offering grows3DO Co.'s initial public offering of 2.9 million common shares was priced at $15 each yesterday by an underwriting group led by Morgan Stanley & Co. The size and price of the offering were boosted above the figures disclosed in 3DO's registration statement filed with the Securities and Exchange Commission.
BUSINESS
By DENVER POST | January 9, 2005
GREENWOOD VILLAGE, Colo. -- Re/Max International Inc., the real estate franchiser that ascended to the top of the home-sales industry with its revolutionary commission structure, is setting the groundwork for an initial public offering. Re/Max officials confirmed last week that they are considering an IPO for the company but that it is at least several years away. Such a move "is inevitable," said co-founder and Chairman Dave Liniger, who owns the majority of the company with his wife and co-founder, Gail.
BUSINESS
By Ross Hetrick and Ross Hetrick,Staff Writer | May 21, 1992
Blaming a market saturated with new stock offerings, Black & Decker Corp. postponed yesterday the initial public offering for PRC Advanced Systems Inc., its computer systems subsidiary.It was the second unsuccessful effort by the Towson-based maker of power tools and appliances to sell the subsidiary since it was acquired as part of the purchase of Emhart Corp. in 1989.The company's announcement came after Black & Decker made a series of presentations that failed to draw the desired number of institutional investors.
BUSINESS
By Liz Bowie and Liz Bowie,Staff Writer | July 24, 1992
Crop Genetics International Corp. felt the biotechnology industry's doldrums yesterday, as the Hanover company's offering of 2.5 million shares was priced at $4 a share, well below the price the company had originally expected."
BUSINESS
By Julius Westheimer | January 26, 2000
"BE CAREFUL about borrowing from your 401(k) plan," says Ellin & Tucker newsletter. "If you can't repay the loan, it will be treated as a distribution and subject to income tax. Also, you'll pay a 10 percent penalty if you're under age 59 1/2." "Investing in an IPO (initial public offering) is risky because the company has much less to offer in the way of history -- a `must' for evaluating a company." (Better Investing) "It's too soon to tell how many IPOs will have staying power, but of 170 companies that went public in 1990, more than 100 are trading below their original offer price."
BUSINESS
By Marcia Myers and Marcia Myers,SUN STAFF | September 16, 1998
Two national consumer groups yesterday accused the Nuclear Regulatory Commission of concealing significant safety problems at a government-owned, Bethesda-based uranium producer in July, just as the company was about to issue its first public stock offering.Public Citizen and the Union of Concerned Scientists, consumer groups that focus on nuclear issues, both released internal NRC reports that identify numerous safety violations at two uranium facilities in Kentucky and Ohio by United States Enrichment Corp.
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