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Financings in Brief: Danninger Medical Technology

This article was originally published in The Gray Sheet

Executive Summary

Danninger Medical Technology: Concludes $5.25 mil. offering of 8.5% convertible subordinated debentures due 2003. The offering was managed by The Ohio Company. "The debentures are convertible at any time before maturity into shares of common stock at a conversion price of $8.125 per share," the firm states. Proceeds will go toward debt repayment and working capital...

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