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BtoB

Penton files to sell shares

Published on .

Cleveland -- Penton Media announced Friday that it filed documents with the Securities and Exchange Commission regarding a combined $200 million in shares of the company's common stock to be offered for sale by the company and certain stockholders. The proceeds from the sale of Penton's shares will be used to pay down the company's debt, according to a report by Reuters. The offering of Penton stock is being made through an underwriting group of Donaldson, Lufkin & Jenrette Securities Corp.; Salomon Smith Barney; Bear, Stearns & Co. and Merrill Lynch & Co.
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