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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.

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.