Printer Friendly

BROOKTROUT ANNOUNCES UNDERWRITERS' EXERCISE OF OVERALLOTMENT OPTION FOLLOWING INITIAL PUBLIC OFFERING

 NEEDHAM, Mass., Nov. 20 ~PRNewswire~ -- Brooktrout Technology, Inc. (NASDAQ: BRKT) today announced that, in connection with its initial public offering of common stock completed Oct. 27, 1992, the underwriters have exercised in full their option to buy from the company and a selling stockholder an additional 240,000 shares of common stock to cover overallotments. Of the total, 210,000 shares were issued by the company and 30,000 shares were sold by the selling stockholder, all at a price to the public equal to the initial offering price of $10 per share. The syndicate of underwriters is managed by Tucker Anthony Incorporated and Adams, Harkness & Hill, Inc.
 Founded in 1984, Brooktrout Technology, Inc. designs, manufactures and markets computer hardware and software products for use in facsimile and voice messaging applications in telecommunications and networking environments. Brooktrout's products help direct the flow of electronic information effectively and address the growing use of fax in business communications. The company sells its products to original equipment manufacturers (OEMs), value-added resellers (VARs) and system integrators.
 -0- 11~20~92
 ~CONTACT: Eric Giler of Brooktrout Technology, 617-449-4100, ext. 200; or Maria Blaha Doyle of Rourke & Company, 617-267-0042 ext. 314, for Brooktrout~
 (BRKT)


CO: Brooktrout Technology, Inc. ST: Massachusetts IN: CPR SU:

CN -- NE002 -- 3333 11~20~92 11:43 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:Nov 20, 1992
Words:216
Previous Article:PATTERN PROCESSING TECHNOLOGIES ANNOUNCEMENT
Next Article:ELECTROLUX REPORTS RESULTS
Topics:


Related Articles
O'BRIEN UNDERWRITERS EXERCISE OVERALLOTMENT OPTION TO PURCHASE 585,300 SHARES
O'BRIEN UNDERWRITERS EXERCISE OVERALLOTMENT OPTION TO PURCHASE 585,300 SHARES
RESEARCH FRONTIERS' UNDERWRITER EXERCISES OVERALLOTMENT
MID AM, INC. EXERCISES OVERALLOTMENT OPTION
BROOKTROUT FILES FOR INITIAL PUBLIC OFFERING OF 1.6 MILLION SHARES OF COMMON STOCK
MAGNA-LAB RECEIVES NET PROCEEDS OF $783,000 FROM UNDERWRITER'S EXERCISE OF OVERALLOTMENT OPTION
INTERNATIONAL CABLETEL COMPLETES MERGER OF OCOM CORPORATION
CANTERBURY PARK HOLDING CORPORATION CLOSES ON ADDITIONAL UNITS
Telvent GIT, S.A. Completes Partial Exercise of Overallotment Option.
Susser Holdings Corporation Announces Exercise of Overallotment Option and Closing of Initial Public Offering.

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