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May 25, 1992 | From Times Staff and Wire Reports
Halmi's TV Firm To Sell Stock: RHI Entertainment Inc., a New York-based television movie producer founded by Robert Halmi Sr., announced that it plans an initial public stock offering of up to 2.56 million shares at $12 to $14 each. The company said the proceeds will be used to pay $20 million in bank debt and to increase working capital. Halmi himself will sell 250,000 shares in the offering, cutting his stake to 462,500 shares, or 5.8% of the total.
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BUSINESS
May 25, 1992 | From Times Staff and Wire Reports
Halmi's TV Firm To Sell Stock: RHI Entertainment Inc., a New York-based television movie producer founded by Robert Halmi Sr., announced that it plans an initial public stock offering of up to 2.56 million shares at $12 to $14 each. The company said the proceeds will be used to pay $20 million in bank debt and to increase working capital. Halmi himself will sell 250,000 shares in the offering, cutting his stake to 462,500 shares, or 5.8% of the total.
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