Dal-Tile Announces Offering of 16 Million Shares
May 23, 2001
Dal-Tile International Inc. has announced the public offering of 16 million shares of common stock by certain selling stockholders priced at $13.75 per share. The company will not receive any proceeds from the sale of the shares in the offering. The selling stockholders have granted the underwriters an option exercisable at any time until June 15, 2001, to purchase up to an additional 2.4 million shares to cover over-allotments, if any, at the initial offering price.
Additional information on the company and its products is available at http://www.daltile.com.