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Article: GARDEN RIDGE ANNOUNCES COMPLETION OF STOCK OFFERING
- Article from:
- PR Newswire
- Article date:
- April 30, 1996
CopyrightCOPYRIGHT 1996 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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HOUSTON, April 30 /PRNewswire/ -- Garden Ridge (Nasdaq: GRDG) announced today the successful completion of the public offering of 1,610,000 shares of common stock at a price of $51.75 per share. Managed by Dillon, Read & Co. Inc., Bear, Stearns & Co. Inc. and The Robinson-Humphrey Company, Inc., the offering consisted of 1,610,000 shares of common stock, 1,000,000 shares of which were sold by Garden Ridge and 610,000 shares of which were sold by selling stockholders.
Proceeds from the sale of shares by Garden Ridge will be used to fund the opening of additional stores and for working capital requirements and general corporate purposes.
Garden Ridge is a ...