First comes a private offering, which it is now pitching to a variety of investors.
The offering came in two parts, one subject to alternative minimum tax provisions, and the other not.
The offering of $804 million in stock came just hours before a critical deadline.
Most offerings come by the glass; bottles are $24 to $45.
Four offerings came to market last year and seven so far in 1992.
The offering will come after presentations are made to potential investors in about 20 cities.
Acquisitions and an offering will come after that, he added.
The offering came during a shaky time for new issues.
Still, the recovery fell far short of the second quarter in 1996, when initial offerings came to $18.9 billion.
After all, she couldn't be sure when the next offering might come.
