Article: Bernard Chaus and wife net over $71M on stock sale. (Josephine Chaus, sale of Bernard Chaus Inc. stock)

Bernard Chaus and wife net over $71M on stock sale

NEW YORK (FNS) -- Bernard Chaus and his wife, Josephine, netted a total of $71,775,000 on their sale of 4,500,000 shares of Bernard Chaus, Inc., stock to the public last week.

The stock cost them an average 10 cents a share or a total of $450,000, according to the final prospectus filed with the Securities and Exchange Commission.

As the stock went public on Wednesday, the offering price was $17 a share and the underwriting disocunt was $1.05 a share.

The market received the issue enthusiastically and ran the price as high as 25-5/8 on the New York Stock Exchange. The low in the ...

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