Central Newspaper Offering Priced At $64.125 Per Share.INDIANAPOLIS--(BUSINESS WIRE)--June 19, 1997--Central Newspapers, Inc. today announced a secondary public offering of 2,047,594 shares of its Class A common stock priced at $64.125 per share. The shares are being sold by the beneficiaries of the estate of Enid Goodrich. No new shares will be issued by Central Newspapers in the transaction and the company will receive no proceeds from the sale. The offering is expected to close Tuesday, June 24, 1997. The underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. group was led by Morgan Stanley
Central Newspapers is a media company that publishes daily, Sunday and weekly newspapers including The Arizona Republic; The Indianapolis Star, The Indianapolis News The Indianapolis News was an evening newspaper published for 130 years, beginning December 7, 1869, and ending publication on October 1, 1999. At one time it had the largest circulation in the state of Indiana, and was the oldest Indianapolis newspaper in existence. , Muncie Star Press, as well as smaller community papers in Indiana; the Alexandria Daily Town Talk in Louisiana, and High Technology Careers Magazine. It also organizes job fairs for the high-tech and service industries. Central Newspapers is the 10th largest publicly traded U.S. newspaper company in terms of circulation. CONTACT: Arthur Schmidt & Associates, Inc. 212/953-5555 |
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