CENTRAL PARKING CORPORATION ANNOUNCES OFFERING OF 2.8 MILLION SHARES OF COMMON STOCK.NASHVILLE, Tenn.--(BUSINESS WIRE)--Oct. 10, 1995--Central Parking Corporation (NYSE NYSE See: New York Stock Exchange : PK) today announced its initial public offering of 2,800,000 shares of common stock at $18 per share, 1,130,000 of which are being offered by the Company and 1,670,000 of which are being offered by certain selling shareholders. The managing underwriters for the offering are J.C. Bradford & Co. and Bear, Stearns & Co. Inc. The shares trade on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol PK. The Company and the selling shareholders have granted the underwriters an option to purchase up to 117,000 and 167,000 additional shares, respectively, to cover over-allotments, if any. Central Parking is a leading provider of parking services in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Company operates over 1,200 parking facilities containing approximately 475,000 spaces located in 31 states, 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). , Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. , the United Kingdom and Mexico. The Company provides parking consulting services in Malaysia and has a business development office in Amsterdam. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. A prospectus relating to these securities may be obtained from J.C. Bradford & Co., 330 Commerce Street, Nashville, Tennessee 37201 or Bear, Stearns & Co. Inc., 245 Park Avenue, 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 10167. CONTACT: Central Parking Corporation, Nashville Steve Tisdell, 615/297-4255 |
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