On February 21, 2003, Sico Inc., a worldwide manufacturer of mobile folding products, completed an offering of one million common shares at $20.40, for aggregate proceeds of $20.4 million. The net proceeds of the offering will be used by Sico to fund future acquisitions in accordance with its growth strategy. Failing such use, the net proceeds of the offering will be used to reduce debt under Sico’s credit facility and/or to increase the company’s working capital. The offering was underwritten on a bought deal basis by a syndicate co-led by National Bank Financial Inc. and CIBC World Markets Inc., and including Dundee Securities Corporation.
Sico was represented by Stikeman Elliott LLP, with a team that included Steeve Robitaille and Benoît Dubord. The underwriters were represented by McCarthy Tétrault LLP, with a team that included Jean-René Gauthier and Christian Giner.
Sico was represented by Stikeman Elliott LLP, with a team that included Steeve Robitaille and Benoît Dubord. The underwriters were represented by McCarthy Tétrault LLP, with a team that included Jean-René Gauthier and Christian Giner.
