Printer Friendly

ERO OFFERS 3,500,000 SHARES OF COMMON STOCK

 ERO OFFERS 3,500,000 SHARES OF COMMON STOCK
 MORTON GROVE, Ill., April 7 /PRNewswire/ -- ERO, Inc. announced


today the initial public offering of 3,500,000 shares of common stock at a price of $16.50 per share. The common stock of ERO, Inc. will trade on the NASDAQ National Market System under the symbol EROI. Of the 3,500,000 shares offered, 2,425,000 are being offered by ERO, Inc., and 1,075,000 are being offered by selling shareholders.
 The offering is being made through an underwriting group led by Donaldson, Lufkin & Jenrette Securities Corporation and Dean Witter Reynolds Inc. The company intends to use the proceeds of the offering to repay existing indebtedness and to repurchase a warrant.
 ERO, Inc. is a leading marketer of children's products featuring a broad portfolio of popular licensed characters. The company manufactures and imports the following principal product lines: slumber products, including indoor sleeping bags and play tents; water sports products, including flotation jackets, masks, fins and snorkels; and back-to-school products, including backpacks and school bags. ERO's products are sold to all major mass merchandisers.
 A prospectus relating to these securities can be obtained from Donaldson, Lufkin & Jenrette Securities Corporation at 140 Broadway, New York, N.Y. 10005, 212-504-4525 or from ERO, Inc.
 -0- 4/7/92
 /CONTACT: William A. Kiettke, senior vice president of ERO, 708-965-3700/
 (EROI) CO: ERO, Inc. ST: Illinois IN: HOU SU: OFR


TS -- NY026 -- 5802 04/07/92 11:35 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 7, 1992
Words:247
Previous Article:FRED MEYER INC. ANNOUNCES PUBLIC OFFERING
Next Article:DATABEAM ANNOUNCES VISUAL CONVERSATION SOFTWARE FOR SUN


Related Articles
SYNERGEN COMMENCES PUBLIC OFFERING OF 3,500,000 SHARES OF COMMON STOCK
PROTEIN DESIGN LABS COMPLETES INITIAL PUBLIC OFFERING; SHARES TRADED ON NASDAQ
WILLIAMS COMPANIES TO FILE FOR 3.5 MILLION-SHARE COMMON STOCK OFFERING
ERO, INC. FILES INITIAL PUBLIC OFFERING
ERO, INC. REPORTS THIRD QUARTER SALES RESULTS
QVC OFFERS TO CONVERT WARRANTS
MAESA PETROLEUM INC. PROVIDES UPDATE
LOTTERY ENTERPRISES INC. ANNOUNCES IPO OF 3,500,000 SHARES AT $9.00 PER SHARE, NASDAQ NATIONAL MARKET LISTING
BENSON EYECARE UNDERWRITERS EXERCISE OVERALLOTMENT OPTION
ERO, Inc. and Hedstrom Corporation Enter Into Definitive Merger Agreement

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters