ACME Communications Prices Initial Public Offering.SANTA ANA Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif.--(BUSINESS WIRE)--Sept. 30, 1999-- ACME Communications, Inc. (Nasdaq:ACME) today announced the initial public offering of 5,000,000 shares of its common stock at a price of $23.00 per share. The shares began trading today on the Nasdaq National Market. ACME Communications, through its wholly-owned subsidiary, ACME Television, owns and operates nine WB Network affiliated television stations in mid-sized markets across the country. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the offering will be used to repay existing indebtedness, to complete the Company's acquisition of television station KASY KASY Korean American Students of Yale serving the Albuquerque, New Mexico “Albuquerque” redirects here. For other uses, see Albuquerque (disambiguation). Albuquerque (pronounced [ˈæl.bə.kɚ.kiː], Spanish: [al.βu. marketplace and for general corporate purposes including working capital. The shares will be offered by an underwriting group led by Deutsche Banc Alex. Brown and co-managed by Merrill Lynch & Co., Morgan Stanley Dean Witter and CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. . The underwriters have an option to acquire up to 750,000 additional shares from certain of the company's stockholders for the purpose of covering overallotments, if any. A copy of the prospectus relating to the offering may be obtained from Deutsche Banc Alex. Brown, 1 South Street, Baltimore, Maryland, 21202, (410) 895-2075. |
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