|
|
Article: Hallmark Announces Proposed Underwritten Public Offering.
- Article from:
- PR Newswire
- Article date:
- August 8, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
FORT WORTH, Texas, Aug. 8 /PRNewswire-FirstCall/ -- Hallmark Financial Services, Inc. today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to a proposed public offering of up to $80.5 million in shares of its common stock, including shares subject to the underwriters' over-allotment option. The shares will be sold by Hallmark and its largest stockholder, Newcastle Partners, L.P. The number of shares to be offered and offering price will be determined by market conditions at the time of pricing in consultation with the underwriters of the offering.
Hallmark intends to use its portion of the ...