Amadeusz Juskowiak

schult homes corp makes initial stock offer

Schult Homes Corp announced an initial public offering of 833334 units at five dlrs per unit said Janney Montgomery Scott Inc and Woolcott and Co managing underwriters of the offering

They said each unit consists of one common share and one warrant to buy onehalf share of common

The warrant will entitle holders to buy onehalf common share at 550 dlrs per full share from March one 1988 to September one 1989 and thereafter at 650 dlrs per full share until March 1991 they said