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Article: NORTH STAR UNIVERSAL, INC. ANNOUNCES FILING OF REGISTRATION STATEMENT
- Article from:
- PR Newswire
- Article date:
- December 28, 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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MINNEAPOLIS, Dec. 28 /PRNewswire/ -- North Star Universal, Inc. (Nasdaq: NSRU) announced today that a registration statement has been filed on its behalf with the Securities and Exchange Commission to offer to sell up to 350,000 shares of common stock of CorVel Corporation (Nasdaq: CRVL). If all of the registered shares of CorVel common stock are sold, North Star will continue to hold 1,225,000 shares, representing approximately 27% of the outstanding shares.
In commenting on the registration, Chief Executive Officer, Jeffrey J. Michael of North Star said, "This transaction will strengthen North Star's balance sheet and provide us with additional flexibility in our ...
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