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StumbleCompany to issue 3 million shares of common stock
Wednesday, Dec. 15, 2004 | 11:08 a.m.
Pinnacle Entertainment Inc. said it intends to offer 3 million shares of common stock. Underwriters of the stock offering will have the option of purchasing up to 450,000 shares.
Lehman Brothers Inc. and Deutsche Bank Securities Inc. will act as joint managers of the offering. Bear, Stearns & Co. Inc. will act as joint lead manager of the offering.
Upon the completion of the offering, Pinnacle expects to have about 38.9 million shares of common stock outstanding, assuming the option to purchase additional shares is exercised.
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