In Brief: Dial Corp
This article was originally published in The Rose Sheet
Executive Summary
Dial Corp: Offering approximately 5.6 mil. shares of its common stock as a take-down of the firm's shelf registration statement, originally filed with the Securities and Exchange Commission in August, the company announced. The firm is selling the estimated $100 mil. worth of stock as part of a tax requirement from the spin-off of the consumer products business from the services business ("The Rose Sheet" June 17, 1996, p. 2). Proceeds raised from the offering will be used to pay debt...