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Short Take: Lernout & Hauspie announces public offering

Lernout & Hauspie Speech Products announced a public offering of 2,400,000 shares of common stock at a price of $45 per share. The stock will be traded on both EASDAQ and Nasdaq. Net proceeds of the offering will be used to repay bank indebtedness, as well as for general corporate purposes such as investments in the development of human and machine translation services and other speech- and language-related businesses.

    Lernout & Hauspie Speech Products announced a public offering of 2,400,000 shares of common stock at a price of $45 per share. The stock will be traded on both EASDAQ and Nasdaq. Net proceeds of the offering will be used to repay bank indebtedness, as well as for general corporate purposes such as investments in the development of human and machine translation services and other speech- and language-related businesses.