Livingston Intl. files IPO bid
TORONTO (Feb. 5, 2002) — Livingston International, Canada’s largest customs brokerage, said yesterday it has filed a final prospectus for an initial public offering.
The IPO consists of 15,102,600 trust units priced at $10 each, for gross proceeds of approximately $151 million. The offering is expected to close on Feb. 11. The net proceeds of the offering will be used to buy the securities of Livingston International Inc. from CAI Capital Corp. and other investors.
The offering is being underwritten by a syndicate of underwriters, led by Scotia Capital Inc.
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