Printer Friendly

BFI ANNOUNCES PUBLIC OFFERING OF COMMON STOCK

 BFI ANNOUNCES PUBLIC OFFERING OF COMMON STOCK
 HOUSTON, June 10 /PRNewswire/ -- Browning-Ferris Industries, Inc.


(NYSE: BFI) announced today the public offering of 14 million shares of common stock at $21.00 per share in simultaneous United States and international offerings. The offering has been increased from the 12 million shares that was included in the original filing with the Securities and Exchange Commission. "We are pleased by the reception our offering has had," William D. Ruckelshaus, chairman and CEO of BFI, said.
 The First Boston Corporation, Goldman, Sachs & Co., Lehman Brothers and Smith Barney, Harris Upham & Co. Incorporated are the managers of the U.S. syndicate offering of 11.6 million shares, and Credit Suisse First Boston Limited, Goldman Sachs International Limited, Lehman Brothers International and Smith Barney, Harris Upham & Co. Incorporated are the lead managers of the international offering of 2.4 million shares. The company has granted the underwriters and managers an option to purchase up to an additional 2.1 million shares to cover over- allotments, if any.
 Net proceeds to the company from the sale of shares will be used for general corporate purposes, including capital expenditures to fund future growth.
 Browning-Ferris Industries, Inc. is one of the largest publicly-held companies engaged in providing waste services. Subsidiaries and affiliates collect, transport, treat and dispose of commercial, residential and municipal solid waste and industrial wastes. BFI subsidiaries are also involved in recycling, resource recovery facilities, medical waste services, portable restroom services, and municipal and commercial sweeping operations.
 -0- 6/10/92
 /CONTACT: Sandra D. Glatzau or Fletcher Thorne-Thomsen, Jr., Browning-Ferris Industries, Inc., 713-870-8100/
 (BFI) CO: Browning-Ferris Industries, Inc. ST: Texas IN: SU: OFR


TQ -- NY027 -- 8734 06/10/92 10:25 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 10, 1992
Words:285
Previous Article:MICHCON SHAREHOLDERS ELECT EIGHT DIRECTORS
Next Article:MELLON BANK: PITTSBURGH INDEX SLIPS IN APRIL
Topics:


Related Articles
BROWNING-FERRIS DECLARES REGULAR QUARTERLY DIVIDEND
BFI FILES REGISTRATION STATEMENT FOR PUBLIC OFFERING OF COMMON STOCK
BROWNING-FERRIS DECLARES REGULAR QUARTERLY DIVIDEND
BROWNING-FERRIS DECLARES REGULAR QUARTERLY DIVIDEND
BROWNING-FERRIS DECLARES REGULAR QUARTERLY DIVIDEND
BROWNING-FERRIS DECLARES REGULAR QUARTERLY DIVIDEND
BROWNING-FERRIS DECLARES REGULAR QUARTERLY DIVIDEND AND ELECTS TWO NEW DIRECTORS
BROWNING-FERRIS DECLARES REGULAR QUARTERLY DIVIDEND
BROWNING-FERRIS DECLARES REGULAR QUARTERLY DIVIDEND
Browning-Ferris Declares Regular Quarterly Dividend

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters