VOL. XXXIX

No. 36

6-June-1996

BAHRAIN

Investcorp Announces $400Mn Public Offering In Saks

Investcorp, the Bahrain-based international investment bank, has announced the completion of an initial public offering of 16,000,000 shares of common stock at a price of $25 per share in Saks Holdings, the holding company for Saks Fifth Avenue. The net proceeds of the offering will be used to reduce outstanding net borrowings. Out of the public offering of 16,000,000 shares, 13,750,000 were offered...