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Alliance Imaging Going Public Again: Alliance Imaging...

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From Times Staff and Wire Reports

Alliance Imaging Going Public Again: Alliance Imaging Inc., a provider of magnetic resonance imaging services that was taken private in 1988, is going public again with an initial offering of 2.2 million common shares worth up to $30 million. La Palma-based Alliance was acquired in a $51-million leveraged buyout by a group led by its Chairman and CEO Richard N. Zeyner and Donaldson, Lufkin & Jenrette Securities Corp. Proceeds from the offering will be used to repay debt, according to a Securities and Exchange Commission filing. In addition, certain stockholders plan to sell 550,000 additional shares, including Equitable Life Assurance Society, parent of DLJ; Northwestern Mutual Life Insurance Co. and Travelers Insurance Co. The shares are expected to sell for between $11.50 and $13.50 through DLJ and Dean Witter.

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