Printer Friendly

DAVIDSON & ASSOCIATES INC. ANNOUNCESINITIAL PUBLIC OFFERING OF COMMON STOCK

 TORRANCE, Calif., March 31 /PRNewswire/ -- Davidson & Associates Inc. (NASDAQ: DAVD) today announced the initial public offering of 2 million shares of common stock at a price of $13 per share. The company and a shareholder of the company have also each granted the underwriters an option, exercisable within 30 days, to purchase up to an aggregate of 190,000 and 110,000 additional shares of common stock, respectively. The shares have been approved for listing on NASDAQ and will trade under the symbol DAVD.
 The stock offering was underwritten by a group managed by Donaldson, Lufkin & Jenrette Securities Corp. and Smith Barney, Harris Upham & Co. Inc.
 The proceeds from the offering will be used for working capital and general corporate purposes and to make payment on certain dividend notes.
 Davidson & Associates Inc. is a leading educational software company that develops, publishes, manufactures and distributes high- quality educational software products for the home and school use.
 Copies of the final prospectus will be available through the prospectus department of Donaldson, Lufkin & Jenrette Securities Corp., 140 Broadway, New York, NY 10005, 212-504-4525.
 -0- 3/31/93
 /CONTACT: Linda Duttenhaver of Davidson & Associates, 310-793-0600, ext. 230/
 (DAVD)


CO: Davidson & Associates Inc. ST: California IN: CPR SU: OFR

LS-JB -- LA028 -- 1733 03/31/93 17:35 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 31, 1993
Words:213
Previous Article:CALIFORNIA FEDERAL BANK HOLDS ANNUAL MEETING OF SHAREHOLDERS
Next Article:PARAMOUNT PICTURES TO BE LOCATION FOR STAMPING OF ELVIS PRESLEY POSTAL CACHET
Topics:


Related Articles
TOUCHSTONE APPLIED SCIENCE ASSOCIATES COMPLETES INITIAL PUBLIC OFFERING
DAVIDSON & ASSOCIATES INC. FILES PROPOSED INITIAL PUBLIC OFFERING OF COMMON STOCK
DAVIDSON & ASSOCIATES INC. ANNOUNCESSECOND QUARTER 1993 OPERATING RESULTS
PHLX TO BEGIN TRADING OPTIONS ON DAVIDSON & ASSOCIATES, INC.
DAVIDSON & ASSOCIATES, INC. AND CUC INTERNATIONAL INC. EXECUTE DEFINITIVE MERGER AGREEMENT
DAVIDSON & ASSOCIATES, INC. ANNOUNCES RECORD YEARLY AND FOURTH QUARTER 1995 RESULTS
RECORD DATE FOR SHAREHOLDER MEETING OF DAVIDSON & ASSOCIATES/CUC MERGER SET FOR JUNE 7, 1996
SPECIAL SHAREHOLDER MEETING FOR DAVIDSON & ASSOCIATES/CUC MERGER SET FOR JULY 24, 1996
CUC INTERNATIONAL INC. COMPLETES ACQUISITIONS OF DAVIDSON & ASSOCIATES, INC. AND SIERRA ON-LINE, INC.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters