SBD/22/Finance

SFX ENTERTAINMENT ESTIMATES STOCK; IF FLEISHER SELLING FIRM?

          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). 

Return to top
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug