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Alchoholic beverage maker Castle Brands sets terms

November 16, 2005
ROX

Castle Brands, an emerging marketer of premium branded spirits, announced Wednesday afternoon that it will offer 3.0 million shares at a range of $8-$10. Assuming the stock prices at the midpoint, the company will have an initial market capitalization of $107 million. Oppenheimer & Co. heads the trio of underwriters on the deal. Timing has yet to be determined.