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CONSOLIDATED PRODUCTS, INC. REVISES STOCK OFFERING PLANS

 CONSOLIDATED PRODUCTS, INC. REVISES STOCK OFFERING PLANS
 INDIANAPOLIS, Oct. 22 /PRNewswire/ -- Consolidated Products, Inc. (NASDAQ: COPIC) announced today that it has terminated its previously announced plans to offer 2,000,000 shares of common stock throug? underwriters. Of these shares, 1,250,000 were to be issued by the company and 750,000 were to be sold by certain shareholders. Alternatively, subject to market conditions and compliance with regulatory requirements, the company will offer up to 500,000 shares through company-directed transactions pursuant to a "shelf" registration. None of the shares to be offered will be sold by shareholders.
 Proceeds from the revised offering will be used to assist Steak N Shake franchisees in financing the development of restaurants and for general corporate purposes.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.
 -0- 10/22/92
 /CONTACT: James W. Bear, senior vice president & treasurer of Consolidated Products, Inc., 317-633-4100/
 (COPIC) CO: Consolidated Products, Inc. ST: Indiana IN: LEI SU:


LC -- CL030 -- 3747 10/22/92 15:01 EDT
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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.

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Publication:PR Newswire
Date:Oct 22, 1992
Words:233
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