Career Horizons files registration statement for common stock.WOODBURY, N.Y.--(BUSINESS WIRE)--Feb. 8, 1996--Career Horizons, Inc. (NYSE NYSE See: New York Stock Exchange :CHZ CHZ Circumstellar Habitable Zone ) today announced that it has filed a registration statement in connection with a public offering of 5,350,000 shares of common stock, of which 4,000,000 shares will be newly issued by the Company and 1,350,000 shares will be sold by certain selling shareholders. All share amounts reflect the Company's previously announced two-for-one stock split which will be effective Feb. 22, 1996. After the offering, there will be outstanding approximately 16.2 million shares, assuming the underwriters do not exercise an over-allotment option for an additional 802,500 shares granted by the Company. The Company intends to use the 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). for general corporate purposes including acquisitions. Of the shares to be sold by selling shareholders, all but 100,000 were acquired in connection with the leveraged buyout leveraged buyout, the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. completed in May 1990. Salomon Brothers
Salomon Brothers was a Wall Street investment bank. Inc, Donaldson, Lufkin & Jenrette Securities Corporation and Robert W. Baird Robert Wilson Baird (born April 1, 1883) helped found the financial services firm that bears his name and led it for more than 40 years. Baird’s father was a professor of Greek literature at Northwestern University in Evanston, Illinois, where Baird grew up. & Co. Incorporated will act as managing underwriters. A registration statement relating to the Company's common stock has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes 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 an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. In addition to general supplemental staffing, Career Horizons serves two specialty markets: health care and information technology. It has 478 Company-owned, franchised and private label offices operating under recognized local and regional brand names in 42 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: Career Horizons, Inc. Michael T. Druckman Sr. Vice President & Chief Financial Officer 516/682-1403 or Lundy Associates, Inc. Michael A. Lundy, 201/660-1100 |
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