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SIERRA ANNOUNCES PUBLIC OFFERING OF 1,500,000 SHARES

 SIERRA ANNOUNCES PUBLIC OFFERING OF 1,500,000 SHARES
 COARSEGOLD, Calif., March 17 /PRNewswire/ -- Sierra On-Line


(NASDAQ: SIER) today announced a public offering of 1,500,000 shares of common stock at a price of $17.25 per share. Of this total, 1,375,000 shares were sold by the company and 125,000 shares were sold by selling stockholders. Sierra will have approximately 6,888,000 shares outstanding after the offering.
 The offering is being managed by Lehman Brothers and Piper, Jaffray & Hopwood Inc.
 Sierra plans to use the proceeds of the offering for product diversification, including possible acquisitions of complementary businesses and products, and expansion of The Sierra Network (its on- line interactive entertainment service).
 Sierra On-Line Inc., along with its wholly owned subsidiary Dynamix Inc., publishes entertainment and educational software for IBM PCs and PC-compatibles and Apple Macintosh and Commodore Amiga computers.
 -0- 3/17/92
 /CONTACT: Bruce E. Grant of Sierra On-Line, 209-683-4468/
 (SIER) CO: Sierra On-Line Inc. ST: California IN: CPR SU: OFR


DM-JL -- LA021 -- 8868 03/17/92 15:42 EST
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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.

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Publication:PR Newswire
Date:Mar 17, 1992
Words:177
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