Printer Friendly

KRYSTAL COMPANY FILES WITH SEC FOR INITIAL PUBLIC OFFERING

 KRYSTAL COMPANY FILES WITH SEC FOR INITIAL PUBLIC OFFERING
 CHATTANOOGA, Tenn., March 31 /PRNewswire/ -- The Krystal Co., a fast-food hamburger company with 249 restaurants located in the Southeast, founded in 1932, has filed a registration statement with the Securities and Exchange Commission for the initial public offering of 2,100,000 shares of its common stock.
 The shares will be sold through an underwriting group led by Dean Witter Reynolds Inc. and the Robinson-Humphrey Co. Inc. All of the shares offered are being sold by Krystal. Krystal has made application for its common stock to trade on the NASDAQ National Market System, under the symbol KRYS.
 It is currently anticipated that the initial public offering price will be between $12 and $14 per share.
 Krystal develops, operates and franchises full-size Krystal and smaller "double drive-thru" Krystal Kwik restaurants. The company owns 219 Krystal restaurants and 11 Krystal Kwik restaurants in eight states, while franchisees own three Krystal and 16 Krystal Kwik restaurants within the same region. Krystal restaurants feature the well-known Krystal hamburger, a cooked-to-order breakfast and other distinctive menu items.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. A copy of the prospectus may be obtained from Dean Witter Reynolds Inc., Two World Trade Center, New York, NY 10048.
 -0- 3/31/92
 /CONTACT: Alec Taylor, attorney for Krystal, 615-756-6600, or Bill Sherman of Dean Witter Reynolds Inc., 404-658-5811/ CO: The Krystal Company ST: Tennessee IN: LEI SU: OFR


EA-BN -- AT013 -- 3625 03/31/92 17:28 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:Mar 31, 1992
Words:339
Previous Article:CYPRUS COAL ANNOUNCES CONSOLIDATION OF FIELD MANAGEMENT
Next Article:USW: RAC DUMPING CYANIDE, OTHER TOXIC WASTES IN OHIO RIVER, ENVIRONMENTAL REPORTS SHOW
Topics:


Related Articles
THE KRYSTAL COMPANY COMMENCES INITIAL PUBLIC OFFERING
THE KRYSTAL COMPANY REPORTS INCREASES IN SALES, NET INCOME
THE KRYSTAL COMPANY REPORTS INCREASES IN SALES, NET INCOME
KRYSTAL 'SPOKESHEAD' BOB ANNOUNCES PRESIDENTIAL CAMPAIGN PLANS AT RALLY
THE KRYSTAL COMPANY REPORTS INCREASES IN SALES, NET INCOME
KRYSTAL NAMES DAVENPORT PRESIDENT; LONG RETAINS ROLE OF CHAIRMAN AND CEO
THE KRYSTAL COMPANY REPORTS INCREASES IN SALES, NET INCOME
THE KRYSTAL COMPANY REPORTS RECORD ANNUAL SALES, EARNINGS; ANNOUNCES 1.8 MILLION SHARE STOCK OFFERING
KRYSTAL ANNOUNCES TEMPORARY DELAY OF PROPOSED EQUITY OFFERING
KRYSTAL COMPANY TO WITHDRAW ITS PROPOSED EQUITY OFFERING

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