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Financings in Brief: Norland Medical Systems

This article was originally published in The Gray Sheet

Executive Summary

Norland Medical Systems: Files registration statement for a public offering of 2.25 mil. shares, including 1.5 mil. offered by the company and 750,000 by selling shareholders. Shares in the offering "give effect to the three-for-two split of the company's common stock effective June 13, 1996," the firm says. Norland, which distributes and services bone densitometers manufactured by Norland Corporation and Stratec Medizintechnik GmbH, recently acquired bone densitometer manufacturer and distributor Dove Medical ("The Gray Sheet" April 8, In Brief). UBS Securities and Pacific Growth Equities are co-managing the offering...
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