SportsLine USA, Inc. Prices Secondary Public Offering of Four Million Shares of Common Stock
April 17, 1998-- SportsLine USA, Inc. (Nasdaq: SPLN - news) "...today announced that its secondary public offering of 4,000,000 shares of common stock was priced at $37.625 per share.
Of the 4,000,000 shares being offered, 2,288,430 shares are being offered by SportsLine USA, Inc. and 1,711,570 shares are being offered by selling shareholders. The net proceeds to the Company are expected to be approximately $81 million. In addition, the Company has granted the underwriters an option to purchase 600,000 shares of common stock to cover over-allotments, if any. The offering is being conducted by an underwriting group led by BancAmerica Robertson Stephens, NationsBanc Montgomery Securities, PaineWebber Incorporated and Salomon Smith Barney..."
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