1,700,000 shares of General Acceptance common stock offered at $17.00 per share.BLOOMINGTON, Ind.--(BUSINESS WIRE)--April 5, 1995--General Acceptance Corp. today announced the initial public offering of 1,700,000 shares of its common stock at $17.00 per share. The offering was underwritten by William Blair
in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market System under the symbol ``GACC GACC German-American Chamber of Commerce GACC Geographic Area Coordination Centers (wildland firefighting) GACC Gatwick Area Conservation Campaign (UK) GACC Global Air Chiefs Conference .'' The purpose of the offering is to allow the company to significantly expand its business activities; and the company initially plans to use the proceeds from the offering to retire debt and fund S Corporation distributions. General Acceptance Corp. is a specialized consumer finance company, principally engaged in purchasing and servicing installment sales contracts, relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the sale of new or used automobiles by dealers, with whom the company has established a formal business relationship, to consumers with limited access to traditional financing sources. The company operates in 10 states, is headquartered in Bloomington, and has regional offices in Ohio, Illinois Ohio is a village in Bureau County, Illinois, United States. The population was 540 at the 2000 census. Geography Ohio is located at (41.556900, -89.460995)GR1. , Florida, Missouri and New Jersey. CONTACT: General Acceptance Corp., Bloomington William H. Ritts, III, 812/876-3555 |
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