RiddellSports.com (AMEX:RDL) (NASDAQ:DBCC) JV Message Board

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Technology Stocks : RiddellSports.com (AMEX:RDL) (NASDAQ:DBCC) JV

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To: esecurities(tm) who wrote ()	12/14/1999 2:45:00 PM
From: Jack Hartmann	Read Replies (1) of 16

Riddell plans rights, share offerings NEW YORK, Dec 14 (Reuters) - Riddell Sports Inc. said Tuesday it plans to file a registration statement for a rights offering of one million shares of common stock and a concurrent offering of an additional 250,000 shares. All proceeds would be used to finance some of Riddell's planned Internet business and for general corporate purposes. Shareholders of record on Dec. 27 would get 0.10795 of a full right for each share of common stock. Each full right would let the holder buy one share of common stock at a price to be set following a January 2000 meeting with the U.S. Securities and Exchange Commission. Riddell plans to issue the rights early during the first quarter of 2000. Riddell is in talks with certain officers, directors and others to establish a backup facility to support the rights offering. The company anticipates that the facility would ensure that a certain amount of the rights offering would be completed. Members of the backup group would need to exercise all of the rights granted to its members and purchase additional shares if all other rights were not exercised. The company also plans to distribute warrants to shareholders who exercise their rights. The warrants would let shareholders buy some shares Riddell holds in a subsidiary it may form in the future to handle most of its Internet operations. The Riddell subsidiary would be formed in an initial public offering before Dec. 31, 2002. The proposed offering of additional shares would be made to the general public on a firm commitment basis. Riddell makes and markets sports products and services. It owns or licenses brands such as Riddell, Umbro and MacGregor for team sports, cheerleading and dance. Shares were unchanged at 3 in morning trading. Not sure what to make of this. Jack

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