Printer Friendly

MAGNA GROUP, INC. FILES FOR OFFERING OF 4,000,000 SHARES OF COMMON STOCK

MAGNA GROUP, INC. FILES FOR OFFERING OF 4,000,000 SHARES OF COMMON STOCK
 ST. LOUIS, June 30 /PRNewswire/ -- Magna Group Inc. (NASDAQ: MAGI) announced today that it filed a registration statement with the Securities and Exchange Commission covering an underwritten offering of 4,000,000 shares of common stock to be sold by Magna. The offering will be made through an underwriting group managed by Donaldon, Lufkin & Jenrette Securities Corp.
 Magna, with $3.7 billion in assets, operates 87 community banking locations in Missouri and Illinois and is the third largest bank holding company in terms of assets based in St. Louis. Magna intends to use the net proceeds from the sale of the common stock to repay indebtedness and for general corporate purposes.
 The registration statement relating to these securities 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 offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 A prospectus relating to these securities is not available at this time. When available, such prospectus may be obtained from Donaldson, Lufkin & Jenrette Securities Corp. at 140 Broadway, New York, N.Y. 10005 and Magna Group Inc., 1401 S. Brentwood Blvd., St. Louis, Mo. 63144.
 -0- 6/30/92
 /CONTACT: Gary Hammer, 314-963-2583 or George Klann, 314-963-2569, both of Magna Group/
 (MAGI) CO: Magna Group, Inc. ST: Missouri IN: FIN SU: OFR


AH -- NY101 -- 5413 06/30/92 18:58 EDT
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:Jun 30, 1992
Words:293
Previous Article:ONEX CORPORATION COMPLETES PURCHASE OF BURGER KING DISTRIBUTION SERVICES FROM BURGER KING CORPORATION
Next Article:JUNE 30 USDA QUARTERLY STOCKS AND PROSPECTIVE PLANTINGS REPORT REACTION (PROVIDED BY: MINNEAPOLIS GRAIN EXCHANGE)
Topics:


Related Articles
ALL AMERICAN COMMUNICATIONS INC. ANNOUNCES FILING OF REGISTRATION STATEMENT ON 4,000,000 NEW COMMON SHARES AND 1-FOR-4 REVERSE STOCK SPLIT
FRED MEYER FILES PUBLIC OFFERING OF 4,000,000 SHARES OF COMMON STOCK
MAGNA GROUP DECLARES QUARTERLY DIVIDEND OF 17 CENTS
MAGNA ANNOUNCES PUBLIC OFFERING OF 4 MILLION SHARES OF COMMON STOCK AT $13.50 PER SHARE
MAGNA COMPLETES COMMON STOCK OFFERING; UNDERWRITERS EXERCISE OVER-ALLOTMENT OPTION; MAGNA FULLY PREPAYS $41 MILLION TERM LOAN
MAGNA GROUP INCREASES DIVIDEND
MAGNA GROUP, INC. DECLARES DIVIDEND
MAGNA GROUP ANNOUNCES AGREEMENT TO ACQUIRE CITY BANCORP, INC.; FIVE LOCATIONS TO COMPLEMENT MAGNA COMMUNITY BANK NETWORK
/C O R R E C T I O N -- MAGNA GROUP/
MAGNA GROUP DECLARES QUARTERLY DIVIDEND

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