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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 To comply with Wikipedia's , the introduction of this article needs a complete rewrite.  Dean Witter Dean Witter may refer to:
  • Dean G. Witter (businessman, Co-founder of Dean Witter & Company)
  • Dean Witter Reynolds (brokerage firm, now known as Morgan Stanley)
; Donaldson, Lufkin & Jenrette Securities Corporation; Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis.  & Co., and PaineWebber Incorporated.

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
COPYRIGHT 1997 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 19, 1997
Words:178
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