MSGI Completes $30 Million Stock Sale

Share this article:
Diversified direct marketing concern Marketing Services Group Inc.,


New York, said Friday that it completed a $30 million private


placement of its Series E convertible preferred stock. The company


said the shares were purchased by Credit Suisse First Boston affiliate


Marshall Capital Management by funds managed by Rose Glen Capital


Management. The proceeds from the stock sale will be used for general


working capital and minority Internet investments. MSGI, which


describes itself as an Internet incubator, owns several direct


marketing and Internet businesses, including WiredEmpire.
Share this article:
You must be a registered member of Direct Marketing News to post a comment.

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Opinions

App of the Week: Life Organizer

App of the Week: Life Organizer

Life Organizer aims to help users be as productive as possible.

Marketing GloBALLization

Marketing GloBALLization

The Yankees aren't the only team searching for talent overseas.

The Best Birthdays Are Multichannel

The Best Birthdays Are Multichannel

The "best" birthday greetings aren't always the ones with the biggest deals.