1.1 MILLION AMERICA SERVICE GROUP INITIAL COMMON SHARES OFFERED AT $11 PER SHARE
1.1 MILLION AMERICA SERVICE GROUP INITIAL COMMON SHARES
OFFERED AT $11 PER SHARE
NEW CASTLE, Del., Nov. 21 /PRNewswire/ -- William Blair & Company and Mesirow Financial, Inc., managers of the underwriting syndicate, announced today the initial public offering of 1.1 million shares of America Service Group Inc. common stock at $11 per share. Of the total, 550,000 are being sold by the company and 550,000 by selling shareholders.
The common stock of America Service Group Inc. will trade on the NASDAQ National Market System under the symbol ASGR.
Proceeds to the company will be used for general corporate purposes and working capital needs.
Headquartered in New Castle, America Service Group Inc. contracts with state, county and local governmental agencies to provide comprehensive health care services to inmates of prisons and jails.
/CONTACT: Jeffrey A. Reasons, president and CEO of America Service Group, 302-888-0200, or Edward McCormick Blair Jr. of William Blair & Company, 312-236-1600/
(ASGR) CO: America Service Group Inc. ST: Delaware IN: SU: OFR CK-SH -- NY031 -- 5805 11/21/91 10:38 EST