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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.
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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 Bill Atkinson and Bill Atkinson,SUN STAFF | December 20, 1996
First Mariner Bancorp raised $15.6 million in an initial public offering, the company said yesterday.The Canton-based community bank is expected to begin trading today on the Nasdaq stock market under the symbol FMAR."
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.
BUSINESS
By Ted Shelsby and Ted Shelsby,Staff Writer | July 15, 1992
Eastportt International Inc. of Upper Marlboro, which identifies itself as the world's leading undersea search and recovery company, said yesterday that it had reached a preliminary agreement to be acquired by a Houston-based competitor.The Texas company, Oceaneering International Inc., agreed to acquire Eastport in a stock transaction valued at about $12.5 million, said George Haubenreich, vice president and general counsel for Oceaneering.Officials at both companies hailed the proposed transaction yesterday as "a positive development" for the Baltimore-Washington business community.
BUSINESS
By David Conn and David Conn,Staff Writer | December 10, 1993
Sylvan Learning Systems Inc. went to market yesterday in an initial public offering that raised $22 million for the Columbia provider of educational services.The company sold 2 million shares of stock, initially priced at $11 a share, in an offering led by underwriters Alex. Brown & Sons Inc. and Robertson, Stephens & Co. After hitting a peak of $12 a share, the stock closed the day at $11.75.Headed by a pair of young entrepreneurs, Sylvan does business in three main areas: providing tutorial services to children, mostly through its 500-plus learning centers around the United States and Canada; administering standardized scholastic tests by computer; and providing remedial tutorial services to employees in the workplace.
BUSINESS
May 11, 1991
Integrated Health Services, a Hunt Valley-based provider of specialized long-term care, primarily to geriatric patients, reported a sharp increase in earnings for its third quarter, when it was able to take advantage of tax credits from previous reporting periods.It was Integrated's first reporting period since becoming a publicly traded company on April 25.Earnings from continuing operations for the quarter, which ended March 31, were $698,000, compared with $363,000 in the same period last year, an increase of 92 percent.
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