Benihana Inc. Completes Offering of 1 Million Class A Common Shares.Business Editors MIAMI--(BUSINESS WIRE)--Dec. 12, 2001 Benihana 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 : BNHN and BNHNA) today announced that, as scheduled, it has closed a public offering of 1 million shares of Class A Common Stock. The offering includes the previously announced exercise of the entire over allotment A portion, share, or division. The proportionate distribution of shares of stock in a corporation. The partition and distribution of land. ALLOTMENT. Distribution by lot; partition. Merl. Rep. h.t. of 100,000 shares of Class A Common Stock granted to the underwriters. All of the shares were offered by the Company. Proceeds from the offering to the Company, net of expenses, are $10,700,000, and will be used to reduce bank debt, to construct or acquire additional restaurants, and for working capital and general corporate purposes, including capital expenditures for existing restaurants. Ladenburg Thalmann Ladenburg Thalmann is a small New York City investment bank and broker founded in 1876. The firm became a member of the New York Stock Exchange in 1879 and was a major Wall Street player into the 1950s. & Co., Inc., and Ryan, Beck & Co., LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , acted as joint underwriters of the offering. Morgan Lewis People named Morgan Lewis include:
Information about this offering is available in the prospectus filed with the Securities and Exchange Commission, which may be obtained from Ladenburg Thalmann & Co., Inc., 590 Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York 10022, telephone number (800) 523-8425, or Ryan, Beck & Co., LLC, Attention: Syndicate Department, 220 South Orange Avenue, Livingston, New Jersey 07039, telephone number (800)-342-2325. Benihana currently operates 60 restaurant units: 52 teppanyaki style restaurants, three Sushi Doraku by Benihana restaurants and five Haru sushi restaurants. The Company licenses 16 other teppanyaki style restaurants. Statements in this press release concerning the Company's business outlook or future economic performance, anticipated profitability, revenues, expenses or other financial items, together with other statements that are not historical facts, are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " as that term is defined under Federal Securities Laws. "Forward-looking statements" are subject to risks, uncertainties and other factors which could cause actual results to differ materially from those stated in such statements. Such risks, uncertainties and factors include, but are not limited to, changes in customers' tastes and preferences, acceptance of the Company's concepts in new locations, obtaining qualified personnel, industry economic cycles, fluctuations in customer demand, seasonality, fluctuations of commodities prices, the ability to complete construction of new units in a timely manner, obtaining governmental permits on a reasonably timely basis, and general economic conditions, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission. The Company disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release. |
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