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K-SWISS ANNOUNCES CLOSING OF PUBLIC OFFERING OF CLASS A COMMON STOCK

 CHATSWORTH, Calif., June 17 /PRNewswire/ -- K-Swiss Inc. (NASDAQ: KSWS) announced yesterday the closing of its public offering of 1,300,000 shares of class A common stock of K-Swiss Inc. at $24.50 per share. Of the shares sold, 100,000 shares were sold by the company and 1,200,000 shares were sold by a group of selling stockholders. In addition, the company and the selling stockholders have granted to the underwriters a 30-day option to purchase up to an additional 15,000 and 140,000 shares, respectively, for the purpose of covering over-allotments, if any. No portion of the over-allotment option has been exercised to date. The offering was made through an underwriting group managed by Goldman, Sachs & Co. and Merrill Lynch, Pierce, Penner & Smith Inc.
 K-Swiss Inc. designs, develops and markets athletic footwear for high-performance sports use and fitness activities. The company presently offers footwear for court and nautical sports, hiking and walking.
 -0- 6/17/93
 /CONTACT: George Powlick, CFO of K-Swiss, 818-998-3388/
 (KSWS)


CO: K-Swiss Inc. ST: California IN: SU: OFR

EH-MF -- LA012 -- 3052 06/17/93 11:48 EDT
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Publication:PR Newswire
Date:Jun 17, 1993
Words:185
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