| Ticker: EVR | 77 West Wacker Drive | |
| Exchange: New York Stock Exchange | Chicago, Illinois 60601 | |
| Industry: Financial | (312) 574-6000 |
| Type of Shares: | Common Shares | Filing Date: | 7/30/96 | |
| U.S. Shares: | 3,200,000 | Offer Date: | 10/7/96 | |
| Non-U.S. Shares: | 800,000 | Filing Price: | - | |
| Primary Shares: | 4,000,000 | Offer Price: | $18.50 | |
| Secondary Shares: | 0 | Gross Spread: | $1.29 | |
| Offering Amount: | $86,250,000 | Selling: | $0.79 | |
| Expenses: | $900,000 | Reallowance: | $0.10 | |
| Shares Out After: | 15,747,897 |
| Manager | Tier | Phone |
| Everen Securities, Inc. | Lead Manager | (312) 574-6000 |
| Lehman Brothers Incorporated | Co-manager | (212) 640-6129 |
| Morgan Stanley & Co. Incorporated | Co-manager | (212) 703-4797 |
| Auditor: Deloitte & Touche | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $543.20 | $300.50 | $260.60 | Assets: | $1,767.40 |
| Net Income: | -$15.90 | $49.20 | -$2.70 | Liabilities: | $1,571.50 |
| EPS: | -$1.04 | $3.41 | Equity: | $195.90 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Everen is a leading, full service securities brokerage firm that provides a broad range of investment services and products primarily to individuals and also to institutions, corporations and municipalities. The company's core strength is its retail operations which are focused on individual investors and which generated more than 70% of the company's net revenues in each of the last three years. The company also engages in capital markets, asset management and clearing activities that complement and capitalize on the strength of the company's retail operations. In its retail business, the company focuses on maintaining and developing strong client relationships in local and regional markets while providing the breadth and quality of services and products offered by national brokerage firms. Headquartered in Chicago, the company operates its retail business through an integrated network of approximately 1,175 investment consultants located in 138 offices in 27 states. As of January 1, 1995 Everen was ranked as the eleventh largest brokerage firm in the United States based on the number of investment consultants, according to the Securities Industry Association. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay the aggregate principal amount of indebtedness outstanding under the Loan Agreement. The remainder will be used for general corporate purposes. |
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