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Financings in Brief: Laser Industries

This article was originally published in The Gray Sheet

Executive Summary

Laser Industries: Files registration statement with the Securities and Exchange Commission for an offering of 2.4 mil. shares. The company will offer 2 mil. shares; 400,000 shares will be offered by Trans-Resources, Inc. Laser Industries says net proceeds from its portion of the offering will be used to repay bank debt, develop new products, expand marketing activities, create or acquire new businesses and technologies "including the establishment and operation of laser treatment centers," and for working capital and other general corporate purposes. Salomon Brothers, Furman Selz, and Oppenheimer & Co. are underwriting...
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