McGaw Stock Offering Raises $48 Million: McGaw...

McGaw Stock Offering Raises $48 Million: McGaw Inc., an Irvine-based manufacturer and supplier of intravenous solutions, said Friday that it has raised $48 million in an initial public offering, selling 6 million shares of common stock. The money will be used to reduce outstanding debts, the company said. Underwriting the offering on the NASDAQ market were Alex Brown & Sons Inc. in Baltimore, Donaldson, Lufkin & Jenrette Securities Corp. in New York, and Robertson, Stephens & Co. in San Francisco. The underwriters have an option to buy an additional 900,000 shares later.