Connective Therapeutics Inc. files for initial public offering of common stock.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Dec. 15, 1995--Connective Therapeutics Inc. Friday announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of 2.5 million shares of its common stock at an anticipated offering price of $11 to $13 per share. Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. Inc., Dillon Read & Co. Inc., and Punk, Ziegel & Knoell L.P. will co-manage the underwriting group. All of the shares to be registered will be offered by Connective connective - An operator used in logic to combine two logical formulas. See first order logic. . The registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these securities 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 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. Connective Therapeutics, founded in 1993 and with headquarters in Palo Alto, is focused on the development of novel therapeutics for chronic connective tissue disorders and diseases of the skin and skin structure. CONTACT: Connective Therapeutics Inc., Palo Alto Sylvia Wheeler, 415/843-2857 |
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