RBL,
Just in case you missed this.
NW
Electronics Boutique files to offer 3.5 mln shares
WASHINGTON, Oct 7 (Reuters) - Electronics Boutique Holdings
Corp. <ELBO.O>, an electronic games retailer, filed on Thursday
to sell 3.5 million common shares, two million of which are
being offered by the company and 1.5 million by a stockholder.
West Chester, Pa.-based Electronics Boutique, with 575
stores around the world, will use the proceeds from its shares
sold for advertising and marketing initiatives for Internet
operations; working capital, including financing new store
openings; and other general corporate purposes.
It will not receive any proceeds from the shares sold by
the stockholder, EB Nevada Inc., of Las Vegas, which will hold
61.6 percent, or 13,669,100 shares, after the offering,
according to a Securities and Exchange Commission filing.
If there were heavy demand for the stock, then the
underwriters of the offering led by Prudential Securities would
have an option to buy 525,000 more shares.
Electronics Boutique ended Nasdaq trading Wednesday at
23-2/16.
((Peter Ramjug, 202-898-8399))
REUTERS |
