In Brief: Rexall Sundown
This article was originally published in The Tan Sheet
Executive Summary
Rexall Sundown: Raymond James & Associates, representing underwriters of the company's second public offering, exercises on Dec. 3 over-allotment option to purchase an additional 600,000 shares of common stock, sold at $27.25 per share. Of the additional shares sold, the company reports, 400,000 were sold by the company and 200,000 were sold by a shareholder. Rexall's offering of 4 mil. shares of common stock, consummated Nov. 5, resulted in proceeds of about $62.3 mil., to be used "primarily to acquire complementary products, product lines or businesses, to provide working capital and for general corporate purposes," the company says...