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Article: Physician Sales & Service, Inc. increases number of shares of public offering of common stock.
- Article from:
- Business Wire
- Article date:
- November 14, 1995
CopyrightCOPYRIGHT 1995 Business Wire. 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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Sales & Service, Inc. (Nasdaq:PSSI) announced today that Alex. Brown & Sons, Smith Barney Inc., Wheat First Butcher Singer and Needham & Company, Inc., as underwriters, have commenced a public offering of 10,000,000 shares of its common stock at $17.00 per share. Of the shares being offered, 7,300,000, are being offered by the Company and 2,700,000 are being sold by selling shareholders. The 7,300,000 primary shares offered are an increase of 1,300,000 shares. In addition, Physician Sales & Service, Inc. has granted to the underwriters an option to purchase on the same terms up to an additional 1,500,000 shares of common stock solely to cover over-allotments, if any. ...