Thursday, July 20, 2006 8:15:23 PM
but Grifco's PR clearly implies a stock offering:
"...agreement with Lyamec on a $2.25 proposed offering. Filings for either foreign securities registration or U.S securities registration are currently under review."
They talk about registering securities, "the asset separation agreement", and that "subsidiaries will become "stand-alone" companies."
True, they didn't use the phrase IPO, or "stock offering". If I'm reading this right there should be follow-up PR discussing the IPO.
best2
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