FLEER ANNOUNCES CLOSING
FLEER ANNOUNCES CLOSING MT. LAUREL, N.J., March 26 /PRNewswire/ -- Fleer Corp.
(NASDAQ: FLER), a leading marketer of sports picture cards and confectionery products, announced that it closed its secondary offering of 3,605,000 shares of common stock today. The secondary offering became effective on March 18. The offering price was $21.75 per share.
The company also reported that the managing underwriters, Merrill Lynch & Co. and Dean Witter Reynolds Inc., exercised the over-allotment option granted to them by Charterhouse Equity Partners, L.P., resulting in the sale of an additional 537,655 shares of common stock. Upon the closing of the over-allotment option, which is expected to occur during the week of March 30, Charterhouse Equity Partners L.P. will have sold all of its interest in the company. A prospectus may be obtained from either of the managing underwriters or from Edelman Financial Relations, 1500 Broadway, New York, NY 10036 (telephone: 212-704-8103). -0- 3/26/92 /CONTACT: Matthew Harrington of Edelman Financial Relations, 212-704-8103, for Fleer/ (FLER) CO: Fleer Corp. ST: New Jersey IN: HOU SU:
GK-SH -- NY025 -- 1830 03/26/92 09:10 EST
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|Date:||Mar 26, 1992|
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