Enzon Inc. announced Wednesday that it has filed a registrationstatement with the Securities and Exchange Commission for aproposed public offering of 3 million shares of common stock.Enzon also filed for an additional 450,000 shares to cover over-allotments.
The offering is being managed by Prudential Securities.
The Plainfield, N.J., company (NASDAQ:ENZN) said it will use theproceeds for research and development, selling, general andadministrative purposes, and acquisition of plant andequipment. Enzon's management believes that the proceeds --together with "other sources of liquidity" -- should meet itscash needs for the next two years.
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