PCI SERVICES: OVER-ALLOTMENT OPTION EXERCISED
PCI SERVICES: OVER-ALLOTMENT OPTION EXERCISED PHILADELPHIA, Feb. 12 /PRNewswire/ -- PCI Services, Inc.
(NASDAQ-NMS: PCIS) announced today that in connection with its initial public offering, a 15 percent over-allotment option was exercised in full resulting in the sale of an additional 431,250 shares of common stock at $10 per share.
PCI commenced its initial public offering of 2,875,000 shares of common stock at $10 per share on Jan. 28, 1992. The offering, underwritten by a syndicate of underwriters led by Smith Barney, Harris Upham & Co. Inc. and Dillon, Read & Co. Inc., increased PCI Services' equity base to approximately $29 million. PCI Services is a leading provider of pharmaceutical packaging services. /delval/ -0- 2/12/92 /CONTACT: Michael F. Sandler, vp and CFO of PCI Services, 609-665-9300, ext. 6005/ (PCIS) CO: PCI Services, Inc. ST: Pennsylvania IN: SU:
KA-MP -- PH019 -- 9207 02/12/92 11:34 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Feb 12, 1992|
|Previous Article:||MEDIQ SUBSIDIARY, PCI SERVICES, INC., SELLS ADDITIONAL SHARES OF COMMON STOCK|
|Next Article:||ENSERCH EXPLORATION PARTNERS, LTD. ANNOUNCES 1991 FINANCIAL RESULTS, RESERVES LEVELS|