XL/Datacomp Inc has completed the sale of 1.1m shares, 400,000 of them new, at $24.50 a time: the Hinsdale, Illinois company, which operates in the IBM mid-range systems and peripherals market, will use the $9m or so net proceeds for working capital and to finance its expansion; lead underwriter to the issue was Smith Barney, […]
XL/Datacomp Inc has completed the sale of 1.1m shares, 400,000 of them new, at $24.50 a time: the Hinsdale, Illinois company, which operates in the IBM mid-range systems and peripherals market, will use the $9m or so net proceeds for working capital and to finance its expansion; lead underwriter to the issue was Smith Barney, Harris, Upham & Co.
