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).