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SFX ENTERTAINMENT ESTIMATES STOCK; IF FLEISHER SELLING FIRM?
Published May 22, 1998
NY-based SFX Entertainment said Thursday that its $300M equity offering was priced at $43.50 a share. The seven million new shares of the over-the-counter stock are being offered through a group of underwriters led by Goldman, Sachs and Co. and Lehman Brothers. SFX said it "expected" the offering to close around May 27 (DAILY VARIETY, 5/22). SELLING OUT? In N.Y., Peter Vecsey reports that "sources say" agent Eric Fleisher has followed David Falk and decided to "sell ($25M) his business to entertainment companies." Falk received a reported $150M for selling his FAME agency to SFX Entertainment (N.Y. POST, 5/22).