Short Take: U.S. Web increases stock offering
U.S.Web announced an increase in the size of a follow-on stock offering of 5.95 million shares at the price of $22 per share. U.S. Web expects to use the net proceeds from the offering for general purposes, including working capital and acquisition-related costs.
Jeff Pelline Staff Writer, CNET News.com
Jeff Pelline is editor of CNET News.com. Jeff promises to buy a Toyota Prius once hybrid cars are allowed in the carpool lane with solo drivers.
announced an increase in the size
of a follow-on stock offering of 5.95 million shares at the price of $22
per share. U.S. Web expects to use the net proceeds from the offering for
general purposes, including working capital and acquisition-related costs.