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  • DREAM OF OWNING A PART OF CART? WITH IPO, NOW YOU CAN

              CART has filed a registration statement with the SEC to
         sell 4,573,000 shares of common stock in an IPO.  The
         company intends to use proceeds from the offering, to be
         underwritten by Jefferies & Company, Inc. and A.G. Edwards &
         Sons, Inc., to purchase the American Racing Series, Inc.,
         and for other general corporate purposes, including funding
         future acquisitions and developing other racing-related
         businesses and properties (CART).  In Indianapolis, Bill
         Koenig reported that CART "did not disclose the expected
         price of offering nor how much money it expects to raise." 
         Koenig wrote that the stock sale "comes at a crucial time"
         for CART, as it "wants to increase its appeal beyond die-
         hard race fans" (INDIANAPOLIS STAR-NEWS, 12/23).
    
    

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