BOSTON CHICKEN OFFERS NINE MILLION SHARES OF COMMON STOCK.GOLDEN, COLORADO--(BUSINESS WIRE)--DECEMBER 6, 1995--Boston Chicken, Inc. (NASDAQ NASDAQ 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 :BOST BOST Boston National Historic Park (US National Park Service) BOST Built Off-Chip Self Test ) today announced an increase in its offering of shares of common stock to nine million shares at a price of $34.50 per share, for estimated 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). of $298,000,000. On November 3, 1995, the Company announced the filing of a registration statement with the Securities and Exchange Commission for the offering of seven million shares of common stock. Mark Stephens, Boston Chicken chief financial officer, said, "Due to the high level of interest from the investment community, we increased the size of the common stock offering from seven million to nine million shares. We are extremely pleased that the performance of Boston Market Boston Market (known before 1995 as Boston Chicken), headquartered in Golden, Colorado, is a chain of American fast-food restaurants. Founded in December 1985 in Newton, Massachusetts, the chain grew rapidly in the early and mid-1990s, filed bankruptcy in the late 1990s, and and the growth prospects of both the Boston Market and Einstein Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) . Bagels concepts have attracted a high quality group of investors." Merrill Lynch & Co. and Alex. Brown & Sons Incorporated are the managing underwriters. The Company has granted the underwriters an option to purchase up to an additional 1,350,000 shares to cover over-allotments. Boston Chicken, Inc., operates and franchises food service stores that specialize in fresh, convenient meals featuring homestyle entrees, fresh vegetables, salads and other side dishes, including mashed potatoes made from scratch. The Boston Market concept combines the freshness and quality of traditional home cooking with convenience and value. There are currently 790 Boston Market stores in 36 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . CONTACT: Melissa Marsden (303) 384-5652 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion