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Proceeds of the offering will be used to financeof Cos. and Cos. The 9 millio n shares of Class A common stocko will be soldfor $13 a share, resultinb in net proceeds to the companty of $111.15 million. Insituform granted the underwriters an overallotment optionm to purchase upto 1.35 million additionall shares. It is expected that the offerint willclose Tuesday, the companyg said. Insituform is acquiring the busineses ofNew Iberia, La.-based Bayou Cos. in an assey acquisition for $125 million in cash and Corrprko Cos., based in Houston, and Ohio, in a merger transaction with an enterprise valuewof $91 million. Merrill Lynch Co.
serves as lead manager for the and and serveas Chesterfield, Mo.-based Insituform Technologies Inc. (Nasdaq: INSU) providea rehabilitation and repair services to water and other underground pipinf without diggingand disruption.
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