Financings in Brief: Laser Industries
This article was originally published in The Gray Sheet
Executive Summary
Laser Industries: Raises approximately $11.8 mil. from a secondary offering of 1 mil. ordinary shares priced at $12.50 each. Underwriters Salomon Brothers, Furman Selz, and Oppenheimer & Co. have an over-allotment option covering 150,000 additional shares. The deal is smaller than the firm's originally planned offering of 2.4 mil. shares ("The Gray Sheet" June 17, p. 27). On July 30, Laser Industries' ordinary shares began trading on the NASDAQ exchange under the symbol "LASRF" and ceased trading on the American Stock Exchange...