DG Fastchannel Announces Intent to Sell Shares Valued at More than $100m

Posted by Joe Zaller
Apr 07 2010

There’s money in advertising, or at least the delivery of advertising to radio and TV broadcasters.

Content and advertising delivery specialist DG Fastchannel announced today that it intends to sell 3.175m shares of its common stock, which closed today at $32.83 per share.  The company says it will use the proceeds to pay down debt, future M&A activity (although it states none are currently planned), and working capital.

The company has had a great run over the past year and is clearly doing something right.

Here is a link to the press release.

Here’s a link to the full SEC filing, which provides a comprehensive overview of the company’s business.

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