Toy chain to sell 3.75 million shares

Article Abstract:

Zany Brainy (Wynnewood, PA) reported more details of its plans for its stock offering on May 4. 1999, announcing that it intends to sell 3.75 million shares for $10/share to $12/share. From the offering, specialty toy retailer said it intends to raise approximately $37 million after expenses, of which about $15 million would be used for repaying bank debt and approximately $13 million would go for opening a new distribution center in New Jersey after shutting its smaller facility in Delaware. The rest of the funds will be used for opening more stores, developing an Internet strategy and implementing new software.

Comment:

Zany Brainy intends to sell 3.75 mil shares for $10/shr to $12/shr; funds to be used for debt payback, opening new distrib ctr

Securities issued, listed, Hobby, Toy & Games Stores, Hobby, Toy, and Game Stores, Zany Brainy Inc.

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Donations spur cancer research

Article Abstract:

Fox Chase Cancer Center, Thomas Jefferson University's Kimmel Cancer Center and the University of Pennsylvania's Cancer Center are among the many cancer research facilities in Philadelphia, PA, that get generous donations from philantropists. Benefactors such as Sidney Kimmel of Jones Apparel Group and Madlyn and Leonard Abramson of US Healthcare are just among the people who have donated millions of dollars to local cancer centers and lent their names to the centers. Their donations enable the cancer centers to further their research on the cure of this deadly ailment.

Comment:

Among the many cancer research facilities in Philadelphia, PA, that get generous donations from philantropists

Receipt of funds, Hospitals, General Medical and Surgical Hospitals, University Medical Centers, University hospitals, Article, Fox Chase Cancer Center, Thomas Jefferson University's Kimmel Cancer Center, University of Pennsylvania's Cancer Center

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