| Proposed Ticker: LNR | 901 East 233rd Street | |
| Exchange: New York Stock Exchange | Carson, California 90745 | |
| Industry: Manufacturing | (310) 835-8400 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 6/7/96 | |
| U.S. Shares Filed: | 5,000,000 | Filing Range: | $14.00 - $16.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $75,000,000 | |
| Primary Shares: | 5,000,000 | Expenses: | - | |
| Secondary Shares: | 0 | Shs Out After: | 5,000,000 | |
| Manager | Tier | Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| Lehman Brothers Incorporated | Co-manager | (212) 640-6129 |
| Salomon Brothers Inc. | Co-manager | (212) 783-2947 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/96 | 3/31/96 | ||||
| Revenue: | $338.42 | Assets: | $251.31 | ||
| Net Income: | $1.17 | Liabilities: | $178.52 | ||
| EPS: | Equity: | $72.80 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Leiner is the nation's largest manufacturer and marketer of vitamins, minerals and nutritional supplements. Leiner markets over 320 vitamin products in more than 4600 stock keeping units. The company estimates that it has a 50% share of private label sales and a 20% share of overall vitamin product sales through mass market retailers in the United States. Vitamin product sales represent approximately 79% of the company's net sales. The company's vitamin products are sold in all 50 states through more than 50,000 retail outlets. The company's vitamin product customers are primarily mass market retailers and include the country's 20 largest drug store chains, 18 of the 20 largest supermarket chains, the 10 largest mass merchandising chains and the two largest warehouse club chains. The company's vitamin products are sold under its customers' store names, as well as under its own brand, Your Life-Registered Trademark-, one of the nation's leading broadline vitamin brands. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay certain outstanding indebtedness of LHP and redeem the outstanding preferred stock of the company. |
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