| Ticker: NDN | 4000 East Union Pacific Avenue | |
| Exchange: New York Stock Exchange | City of Commerce, California 90023 | |
| Industry: Retail | (213) 582-5999 |
| Type of Shares: | Common Shares | Filing Date: | 3/27/96 | |
| U.S. Shares: | 4,250,000 | Offer Date: | 5/23/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 4,250,000 | Offer Price: | $14.50 | |
| Secondary Shares: | 0 | Gross Spread: | $1.01 | |
| Offering Amount: | $51,000,000 | Selling: | $0.60 | |
| Expenses: | $650,000 | Reallowance: | $0.20 | |
| Shares Out After: | 14,179,135 |
| Manager | Tier | Phone |
| Everen Securities, Inc. | Lead Manager | (312) 574-6000 |
| Crowell, Weedon & Co | Co-manager | (213) 620-1850 |
| Natwest Securities Ltd | Co-manager | (212) 602-4800 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $152.83 | $42.28 | $33.56 | Assets: | $58.84 |
| Net Income: | $9.59 | $2.49 | $1.95 | Liabilities: | $56.49 |
| EPS: | $0.75 | $0.19 | Equity: | $2.35 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a leading deep-discount retailer of primarily name-brand, close-out and regularly available general merchandise at an affordable, single price point. The company operates a chain of 38 value-division. The company believes that it operates the nation's oldest existing one-price general merchandise chain and that it was the first chain to sell all merchandise at a $.99 or $1.00 single price point. The company's stores are attractively merchandised, clean, full-service "destination" locations that offer customers significant value on their everyday household needs in an exciting shopping environment. Bargain Wholesale complements the company's retail operation by allowing the company to purchase in larger volume at more favorable pricing and to generate additional net sales with relatively small incremental increases in operating expenses. |
| Use of Proceeds |
| Proceeds from the offering will be used to fund a distribution of $39.9 million to pay notes issued and dividends payable declared to the existing shareholders in connection with the termination of the company's S Corporation status, to expand retail operations and for general corporate purposes. |
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