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Article: KMART CORPORATION AND BORDERS GROUP ANNOUNCE INCREASE IN SIZE OF BORDERS GROUP IPO
- Article from:
- PR Newswire
- Article date:
- May 22, 1995
CopyrightCOPYRIGHT 1995 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)
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TROY, Mich., May 22, 1995 -- Kmart Corporation (NYSE: KM) and Borders Group, Inc. today jointly announced the filing with the Securities and Exchange Commission (SEC) of an amendment to the Registration Statement for the initial public offering of common stock of Borders Group to increase the number of shares offered from 20,779,000 shares to 35,905,000 shares. The registration statement for the IPO was originally filed with the SEC on April 4, 1995.
Kmart currently owns 100% of the outstanding Borders Group common stock. Of the shares offered, 12,531,161 are being sold by Borders Group and 23,373,839 are being sold by Kmart, with all of the proceeds payable to ...