| Ticker: CCCG | World Trade Center Chicago, 444 Merchandise Mart | |
| Exchange: NASDAQ-National Market | Chicago, Illinois 60654 | |
| Industry: Service | (312) 222-4636 |
| Type of Shares: | Common Shares | Filing Date: | 6/28/96 | |
| U.S. Shares: | 6,000,000 | Offer Date: | 8/16/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | - | |
| Primary Shares: | 6,000,000 | Offer Price: | $11.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.81 | |
| Offering Amount: | $88,000,000 | Selling: | $0.48 | |
| Expenses: | $1,072,000 | Reallowance: | $0.10 | |
| Shares Out After: | - | |||
| Spin out parent firm: | White River Corporation (WHRC) | |||
| Manager | Tier | Phone |
| Hambrecht & Quist Incorporated | Lead Manager | (415) 576-3423 |
| Lazard Freres & Co. | Co-manager | (212) 632-3000 |
| Raymond James & Associates, Inc. | Co-manager | (813) 573-8108 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $115.52 | $31.37 | $28.01 | Assets: | $49.64 |
| Net Income: | -$1.72 | $1.79 | $0.15 | Liabilities: | $69.34 |
| EPS: | Equity: | -$19.70 | |||
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 supplier of automobile claims information and processing, claims management software and value-added communications services. The Company's customers include each of the 50 largest U.S. automobile insurance companies, over 250 other automobile insurance companies and more than 8,500 collision repair facilities. The Company's technology-based services and products improve efficiency, manage costs and increase consumer satisfaction in the management of automobile claims and restoration. The Company believes that its core competencies include the efficient collection and processing of claims and automobile valuation and repair data, development of advanced client-server, object oriented claims software products, management of value-added communications network, understanding the workflow processes of automobile claims and marketing through a customer-oriented field sales and service organization. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to redeem all Redeemable Preferred Stock and to repay certain bank debt. |
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