CULP, INC. ANNOUNCES OFFERING OF COMMON STOCK.HIGH POINT, N.C.--(BUSINESS WIRE)--Jan. 30, 1997--Culp, Inc. (Nasdaq/NM:CULP CULP Caribbean University Level Programme ) today announced that a Registration Statement has become effective with the Securities and Exchange Commission covering the public offering of 1,600,000 shares of the Company's Common Stock at $15.00 a share. Of the shares being offered, 1,200,000 shares are being offered by the Company, and the balance is being offered by certain non-management selling shareholders. The selling shareholders have also granted the underwriters an over-allotment option for an additional 240,000 shares. Wheat First Butcher Singer and Raymond James  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . & Associates, Inc. are the managing underwriters Managing underwriter The leading firm in an underwriting group, which originates the deal and acts as an agent for the group. managing underwriter See lead underwriter. of the offering. This communication shall not constitute an offer to sell or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual 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 any such State. Culp, Inc. designs, manufactures and markets fabrics for the furniture, bedding and institutional furnishings furnishings the extra type or quantity of hair on the head, tail, ears or legs, specified for a particular breed. For example, the feathers in setters, the beard in Bearded collies, the eyebrows in Schnauzers. markets. CONTACT: Culp, Inc., High Point Franklin N. Saxon, 910/888-6266 |
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