| Ticker: CIG | 5900 north Andrews Avenue, Suite 700 | |
| Exchange: New York Stock Exchange | Fort Lauderdale, Florida 33309 | |
| Industry: Manufacturing | (954) 772-9000 |
| Type of Shares: | Class A Common Shares | Filing Date: | 6/26/96 | |
| U.S. Shares: | 4,400,000 | Offer Date: | 8/15/96 | |
| Non-U.S. Shares: | 1,000,000 | Filing Range: | $18.00 - $21.00 | |
| Primary Shares: | 5,400,000 | Offer Price: | $23.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.55 | |
| Offering Amount: | $105,300,000 | Selling: | $0.93 | |
| Expenses: | $2,400,000 | Reallowance: | $0.10 | |
| Shares Out After: | - | |||
| Spin out parent firm: | Mafco Consolidated Group, Inc. | |||
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-1172 |
| Chase Securities, Inc. | Co-manager | (212) 552-5299 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Morgan Stanley & Co. Incorporated | Co-manager | (212) 703-4797 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/30/96 | 4/1/95 | 3/30/96 | ||
| Revenue: | $158.17 | $40.23 | $31.54 | Assets: | $195.04 |
| Net Income: | $13.93 | $4.33 | $1.56 | Liabilities: | $136.38 |
| EPS: | Equity: | $58.66 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is the largest manufacturer and marketer of cigars sold in the United States in terms of dollar sales, with a 1995 market share of approximately 23% according to the company's estimates. The company markets its cigar products under a number of well-known brand names at all price levels and in all segments of the growing cigar market, including premium large cigars, mass market large cigars and mass market little cigars. The company attributes its leading market position to the following competitive strengths: (i) well-known brand names, many of which are the leading brands in their category, (ii) broad range of product offerings within both the premium and mass market segments of the United States cigar market, (iii) commitment to and reputation for manufacturing quality cigars, (iv) marketing expertise and close attention to customer service, (v) efficient manufacturing operations and (vi) an experienced management team. |
| Use of Proceeds |
| Proceeds from the proposed offering will be distributed as a dividend to Mafco Consolidated Group. |
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