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Short Take: SportsLine USA to do secondary public offering

SportsLine USA has announced that stock for its secondary public offering would sell for $37.625 per share. The online sports publisher said it hopes to raise $81 million in net proceeds by selling 4 million shares. The offering is being conducted by an underwriting group led by BankAmerica, NationsBank, PaineWebber, and Salomon Smith Barney.

SportsLine USA has announced that stock for its secondary public offering would sell for $37.625 per share. The online sports publisher said it hopes to raise $81 million in net proceeds by selling 4 million shares. The offering is being conducted by an underwriting group led by BankAmerica, NationsBank, PaineWebber, and Salomon Smith Barney.