Inter Parfums
This article was originally published in The Rose Sheet
Executive Summary
Fragrance marketer will offer 4,336,050 shares of its common stock in a public offering, firm says Oct. 10. Selling stockholders are LV Capital USA, Inc. (3,436,050 shares), CEO Jean Madar (450,000 shares) and President Philippe Benacin (450,000 shares), according to Inter Parfums. Madar and Benacin additionally will "grant to the underwriters a 30-day option to purchase up to an additional 650,408 shares of Inter Parfums common stock to cover over-allotments, if any," company notes, adding firm "will not receive any proceeds of the sale of its common stock by the selling stockholders." Offering will be managed by Oppenheimer & Co. and SG Cowen & Co., LLC, with Citigroup Corporate and Investment Banking acting as book runner...