| Proposed Ticker: ASF | 2301 Highway 190 West | |
| Exchange: New York Stock Exchange | Deridder, Louisiana 70634 | |
| Industry: Financial | (318) 463-9052 |
| All share information is proposed | ||||
| Type of Shares: | Class A Common Shares | Filing Date: | 8/13/96 | |
| U.S. Shares Filed: | 11,000,000 | Filing Range: | $13.00 - $15.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $154,000,000 | |
| Primary Shares: | 11,000,000 | Expenses: | - | |
| Secondary Shares: | 0 | Shs Out After: | 28,400,000 | |
| Manager | Tier | Phone |
| Smith Barney Inc. | Lead Manager | (718) 921-8473 |
| Piper Jaffray Incorporated | Co-manager | (612) 342-6000 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $69.68 | $18.53 | $12.82 | Assets: | $130.49 |
| Net Income: | $9.33 | $2.23 | $1.64 | Liabilities: | $96.11 |
| EPS: | $0.43 | $0.10 | Equity: | $34.38 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company provides managed care workers' compensation products and services primarily to employers hazardous occupation industries. The company offers its client-employers a fully integrated program designed to lower the overall costs of workers' compensation claims by: (i) implementing and applying workplace safety programs designed to prevent occupational injuries; (ii) providing immediate, efficient and appropriate managed medical care to injured workers; and (iii) using intensive personal claims management practices to guide and encourage injured workers through the recovery and rehabilitation process with the primary goal of returning the injured worker to work as promptly as practicable. The company integrates proactive safety services with intensive claims management practices and quality managed care to produce "managed results." The company's managed results approach focuses on creating and maintaining direct, personal relationships with employers, employees and health care providers in order to design and promote services which are intended to produce lower overall occupational injury costs. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay existing indebtedness, to increase capital and surplus and for other general corporate purposes. |
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