MERISEL ANNOUNCES COMPLETION OF SECONDARY STOCK OFFERING
MERISEL ANNOUNCES COMPLETION OF SECONDARY STOCK OFFERING EL SEGUNDO, Calif., March 10 /PRNewswire/ -- Merisel Inc.
(NASDAQ: MSEL) today announced the completion of a secondary public offering of 4,850,000 shares of common stock at $12.875 per share. Of the shares being offered, 4,000,000 shares are being issued and sold by the company and 850,000 shares are being sold by selling shareholders. In addition, the underwriting group has been granted an overallotment option by the company to purchase an additional 600,000 shares. Net proceeds to the company will be used to reduce short-term bank borrowings.
The Robinson-Humphrey Co. Inc., Dillon, Read & Co. Inc. and Lehman Brothers are managing the underwriting group. Copies of the final prospectus relating to the offering may be obtained from any of the managers. Merisel Inc. is one of the world's largest distributors of microcomputer hardware and software products. This $1.6 billion company is headquartered in El Segundo and presently stocks products from more than 700 manufacturers for sale to 50,000 resellers worldwide. The company currently maintains 17 distribution centers that serve North America, Europe, Latin America and Australia. Merisel is authorized to sell more than 10,000 products from manufacturers such as ALR, Apple, AST Research, Borland International, Compaq, Hayes Microcomputer Products, IBM, Intel, Lotus Development, Microsoft, NEC Technologies, Novell, Okidata, Software Publishing Corp., Sun Microsystems, Symantec, WordPerfect and Wyse Technology, and offers a wide range of services to support resellers with the sales of these products. -0- 3/10/92 /CONTACT: James Brill, CFO of Merisel, 213-615-1259 or 213-615-1230/ (MSEL) CO: Merisel Inc. ST: California IN: CPR SU: OFR
KJ-EH -- LA005 -- 6736 03/10/92 09:02 EST
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|Date:||Mar 10, 1992|
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