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Repros to offer 2.6 million shares


Published : Wed, 31 Jan 2007 13:28
By : Agencies
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THE WOODLANDS, Texas (AFX) - Drug maker Repros Therapeutics Inc. said Wednesday it is planning a public offering of 2.6 million common shares at $13.75 each.

The underwriters will be given a 30-day option to buy up to an additional 390,000 shares to cover any overallotments.

CIBC World Markets Corp. is acting as sole book-running manager in the offering, while Punk Ziegel & Co. is the co-lead manager. ThinkEquity Partners LLC is co-manager.

Shares of Repros Therapeutics closed Tuesday at $14.42 on the Nasdaq. When the offering was announced Monday, the stock's previous closing price was $12.69.

Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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