Brooke Corporation Files Registration Statement for Stock Offering
22 Aprile 2005 - 1:36AM
PR Newswire (US)
Brooke Corporation Files Registration Statement for Stock Offering
OVERLAND PARK, Kan., April 21 /PRNewswire-FirstCall/ -- Brooke
Corporation (AMEX:BXX) announced today that it has filed a
registration statement with the Securities and Exchange Commission
for a proposed follow-on offering of 2.5 million shares of its
common stock. The underwriters will be granted an option to
purchase an additional 375,000 shares of the Company's common stock
to cover over-allotments, if any. The lead underwriter and sole
book-running manager for the offering is Sandler O'Neill &
Partners, L.P. The co-managers for the offering are Fox- Pitt,
Kelton Inc. and Oppenheimer & Co. The registration statement
relating to these securities has been filed with the Securities and
Exchange Commission, but has not yet become effective. The
securities covered by this registration statement may not be sold,
nor may offers to buy be accepted, prior to the time the
registration statement becomes effective. This announcement does
not constitute an offer to sell or the solicitation of an offer to
buy, nor may there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. Copies of the
preliminary prospectus relating to the offering, when available,
may be obtained by contacting the Syndicate Department of Sandler
O'Neill & Partners, L.P., 919 Third Avenue, 6th Floor, New
York, NY 10022 or by telephone at (212) 466-7800. About our company
... Brooke Corporation is listed on the American Stock Exchange
under the symbol of BXX. Brooke Corporation is a holding company
with three primary subsidiaries. Brooke Franchise Corporation is a
subsidiary that distributes insurance and financial services
through a network of over 400 franchise locations as of March 31,
2005. Brooke Credit Corporation is a subsidiary that originates
loans to insurance agencies, financial services practices, funeral
homes and other local businesses, including Brooke franchises.
Brooke Brokerage Corporation is a subsidiary holding company that
sells hard to place and niche insurance on a wholesale basis
through locally owned insurance agencies, including Brooke
franchises. This press release may contain forward-looking
statements. Investors are cautioned that all forward-looking
statements involve risks and uncertainties, and several factors
could cause actual results to differ materially from those in the
forward-looking statements. The following factors, among others,
could cause actual results to differ from those indicated in the
forward-looking statements: the uncertainty that the Company will
achieve its short-term and long-term profitability and growth
goals, uncertainties associated with market acceptance of and
demand for the Company's products and services, the impact of
competitive products and pricing, the dependence on third party
suppliers and their pricing, its ability to meet product demand,
the exposure to market risks, uncertainties associated with the
development of technology, changes in the law and in economic,
political and regulatory environments, changes in management, the
dependence on intellectual property rights, and the effectiveness
of internal controls. DATASOURCE: Brooke Corporation CONTACT: Anita
Larson of Brooke Corporation, +1-913-661-0123, or Web site:
http://www.brookecorp.com/
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