FLEER ANNOUNCES CLOSING
FLEER ANNOUNCES CLOSING MT. LAUREL, N.J., March 31 /PRNewswire/ -- Fleer Corp.
(NASDAQ: FLER) a leading marketer of sports picture cards and confectionery products, announced that Charterhouse Equity Partners, L.P. closed its sale of 537,655 shares of the common stock of Fleer today. These shares were sold pursuant to the over-allotment option exercised by the managing underwriters, Merrill Lynch & Co. and Dean Witter Reynolds, Inc. in connection with a secondary offering of an aggregate of 4,142,655 shares of the company's common stock. The secondary offering became effective on March 18 and the sale of 3,605,000 shares of common stock closed on March 25, 1992. The offering price was $21.75 per share. With the sale of the 537,655 shares of common stock, Charterhouse Equity Partners L.P. has now 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, N.Y., 10036 (212-704-8103). Fleer Corp., with operations in North America and Europe, is a leading marketer of sports picture cards (Baseball, Football and Basketball) and confectionery products, including Dubble Bubble gum products. -0- 3/31/92 /CONTACT: Matthew J. Harrington of Edelman Public Relations Worldwide, 212-704-8103, for Fleer Corp./ (FLER) CO: Fleer Corp. ST: New Jersey IN: HOU SU:
SH-OS -- NY082 -- 3532 03/31/92 15:38 EST
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|Date:||Mar 31, 1992|
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