Printer Friendly

ISG TECHNOLOGIES ANNOUNCES STOCK OFFERING

 ISG TECHNOLOGIES ANNOUNCES STOCK OFFERING
 TORONTO, March 6 /PRNewswire/ -- ISG Technologies Inc. announced


today that it has entered into an underwriting agreement providing for the public offering in the United States and Canada of a total of 2.8 million shares of its common stock.
 Of those shares, 2,150,000 will be sold by the company and 650,000 will be sold by shareholders. The shares will be initially offered in Canada at Can. $16 and in the United States at US$13.50 per share.
 Of the shares to be sold, 2,240,000 will be sold in the United States through an underwriting syndicate headed by Smith Barney, Harris Upham & Co. Incorporated, and Tucker Anthony Incorporated. The remaining 560,000 shares will be sold in Canada through Gordon Capital Corporation. Smith Barney is the global coordinator of the joint offering.
 The common shares are traded on the Toronto Stock Exchange under the symbol "ISO" and will be traded on the NASDAQ National Market System under the symbol "ISGT."
 Located in the greater Toronto area, ISG designs, manufactures, markets and services computer-based visual data processing systems used by radiologists and surgeons to display, manipulate and analyze two- dimensional and three-dimensional images of a patient's internal anatomy.
 A prospectus for the U.S. portion of the offering, when available, may be obtained from Smith Barney, Harris Upham & Co. Incorporated, 1345 Avenue of the Americas, New York, N.Y., 10015, and a prospectus for the Canadian portion of the offering, when available, may be obtained from Gordon Capital Corporation, Suite 5300, Toronto-Dominion Bank Tower, Toronto-Dominion Centre, Toronto, Ontario M5K 1E7.
 -0- 3/6/92
 /CONTACT: Gerry McDonald, 416-672-2100, for ISG Technologies/
 (ISGT) CO: ISG Technologies Inc. ST: Ontario IN: HEA SU: OFR


CK -- NY025 -- 5826 03/06/92 11:09 EST
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:Mar 6, 1992
Words:301
Previous Article:NUCLEAR SUPPORT SERVICES REPORTS RECENT DEVELOPMENTS
Next Article:NORFOLK SOUTHERN APPOINTS JAMES W. MCCLELLAN ASSISTANT VICE PRESIDENT OF CORPORATE PLANNING AND DEVELOPMENT
Topics:


Related Articles
I.S.G. TECHNOLOGIES INC. ANNOUNCES CLOSING OF U.S. CANADIAN OFFERING
FDA CONTINUING REVIEW OF ISG'S VIEWING WAND
ISG SIGNS LICENSING AGREEMENTS FOR IMAGING APPLICATIONS PLATFORM
ISG TECHNOLOGIES ANNOUNCES RESULTS
ISG EXPANDS RELATIONSHIP WITH GE MEDICAL SYSTEMS
ISG TECHNOLOGIES AND ELEKTA SIGN DISTRIBUTION AGREEMENT FOR VIEWING WAND
ISG SIGNS AGREEMENT WITH GE'S NUCLEAR MEDICINE DIVISION
ISG TECHNOLOGIES ANNOUNCES THIRD QUARTER RESULTS
/C O R R E C T I O N -- ISG TECHNOLOGIES/
Attention Business Editors: ISG ANNOUNCES MAJOR NEW CONTRACTS, AND BUSINESS EXPANSION IN JAPAN

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