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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 19, 1999
LaBranche & Co Inc.
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(Exact name of registrant as specified in its charter)
DELAWARE 1-15251 13-4064735
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
ONE EXCHANGE PLAZA, NEW YORK, NY 10006
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 820-0400
Not Applicable
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
Pursuant to Rule 135c of the Securities Act of 1933, as amended,
LaBranche & Co Inc., a Delaware corporation (the "Registrant"), is filing as an
exhibit to this Current Report on Form 8-K a press release issued by the
Registrant on August 19, 1999 announcing its initial public offering and a
concurrent debt offering, which press release is specifically incorporated
herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Not applicable.
(b) Not applicable.
(c) EXHIBITS.
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99.1 Press release issued August 19, 1999.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
LABRANCHE & CO INC.
Date: August 19, 1999 By: /s/ S. Lawrence Prendergast
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S. Lawrence Prendergast
Executive Vice President, Finance
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INDEX TO EXHIBITS
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Exhibit Description
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99.1 Press Release issued August 19, 1999.
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Exhibit 99.1
FINAL DRAFT
FOR IMMEDIATE RELEASE
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Investor Contact: S. Lawrence Prendergast Media Contact: Doug Donsky/Jennifer Hurson
Executive Vice President, Finance Morgen-Walke Associates
LaBranche & Co Inc. 212-850-5600
212-425-1144
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LABRANCHE & CO INC. ANNOUNCES PRICING OF INITIAL PUBLIC OFFERING
AND CONCURRENT DEBT OFFERING
NEW YORK, August 19, 1999 - LaBranche & Co Inc. (NYSE: LAB), a leading New York
Stock Exchange specialist firm, announced today that it has priced its initial
public offering of 10,500,000 shares of common stock at $14 per share. All of
the shares were offered by the Company. The common stock will commence trading
on the New York Stock Exchange under the symbol "LAB" on August 19, 1999.
Salomon Smith Barney, Donaldson, Lufkin & Jenrette and ABN AMRO Rothschild are
the managing underwriters in the offering. The underwriters have been granted an
over-allotment option to purchase up to 1,575,000 additional shares of its
common stock.
The Company also announced that the interest rate payable under the $100,000,000
in Senior Notes due 2004 which will be issued concurrently with the sale of its
common stock has been set at 9.5%. These notes have not been registered under
the Securities Act of 1933 and may not be offered or sold in the United States
absent registration or an applicable exemption from registration requirements.
The majority of the net proceeds from the IPO will be used for general corporate
purposes to support the growth of LaBranche's business, including working
capital and future acquisitions. The Company will use part of these proceeds and
the entire proceeds from the issuance of its notes to acquire the interests of
all the current limited partners of its subsidiary, LaBranche & Co., and of
three members of its other subsidiary, LaB Investing Co. L.L.C., as part of the
reorganization from partnership to corporate form.
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Founded in 1924, LaBranche & Co is a leading New York Stock Exchange specialist
firm, a broker-dealer responsible for maintaining a fair and orderly market in
particular stocks. The first publicly-traded specialist company, LaBranche & Co.
is specialist for the stocks of over 280 listed issues, including five of the 30
stocks comprising the Dow Jones Industrial Average and 47 of the S&P 500.
This press release is neither an offer to sell nor a solicitation of an offer to
buy these securities. The offering of the common stock of LaBranche & Co Inc. is
made only by the Prospectus, a copy of which may be obtained from Salomon Smith
Barney, 140 58th Street, 5th Floor, Brooklyn, NY 11220, Att. Prospectus
Department.
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