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BtoB

Penton prices stock offering

Published on .

Cleveland--Penton Media announced Friday that a previously announced public offering of 6.5 million shares of its common stock will be priced at $19.50 per share. The majority of the shares will be sold by Penton; 250,000 will be sold by certain Penton stockholders. Penton plans to use its share of the sale to help finance the purchase of an unidentified business media company for $80 million.
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