Printer Friendly

RALLY'S INC. ANNOUNCES COMMON STOCK OFFERING

 RALLY'S INC. ANNOUNCES COMMON STOCK OFFERING
 LOUISVILLE, Ky., May 8 /PRNewswire/ -- Rally's Inc. (NASDAQ: RLLY),


the nation's largest double drive-thru hamburger chain and fastest growing restaurant chain in America, has filed with the Securities and Exchange Commission a registration statement covering the sale of 1,032,500 shares of its common stock. The common stock offering includes 700,000 shares to be sold by the company and 332,500 to be sold by certain shareholders. The underwriting will be managed by Montgomery Securities and Equitable Securities Corp.
 The company will use up to $12 million to acquire Zipps Drive Thru Inc., a chain of 45 double drive-thru hamburger restaurants based primarily in St. Louis. The balance of the proceeds raised from the common stock offering will be utilized to build more company restaurants.
 At May 3, 1992, there were 345 Rally's restaurants in 22 states, primarily in the Midwest and the Sunbelt, comprised of 118 company-owned and 227 franchised restaurants.
 -0- 5/8/92
 /CONTACT: Donald C. Moore, senior VP and CFO of Rally's, 502-245-8900/
 (RLLY) CO: Rally's Inc. ST: California IN: LEI REA SU: OFR


EH-CH -- LA013 -- 8063 05/08/92 11:46 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:May 8, 1992
Words:195
Previous Article:LEAD AWARENESS WEEK IS MAY 3-9
Next Article:CORRECTION TO NAVAL RESEARCH LABORATORY SCIENTISTS RECEIVE AWARD FOR TRANSFERRED TECHNOLOGY TO U.S. ALCOHOL TESTING OF AMERICA INC.
Topics:


Related Articles
RALLY'S POSTPONES COMMON STOCK OFFERING
RALLY'S ANNOUNCES COMMON STOCK OFFERING
CHECKERS COMMENTS ON STOCK PRICE DECLINE
RALLY'S HAMBURGERS, INC. ANNOUNCES DEBT REPURCHASE
CHECKERS ANNOUNCES FILING OF REGISTRATION STATEMENTS
Rally's Amends Rights Offering
Rally's Amends Rights Offering
Rally's in Full Compliance with Nasdaq Continued Listing Criteria
CKE Restaurants, Inc. Announces Stock Dividend
CKE Restaurants, Inc. Announces Public Stock Offering

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