Golden West Homes Files for Stock Offering
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SANTA ANA — Golden West Homes, a producer of manufactured homes, said Thursday that it has filed documents with federal regulators to go public with an initial offering of more than 1.8 million shares that should raise $12.8 million to $16.5 million.
The price, to be set when the securities are sold, is expected to range from $7 to $9 a share.
Proceeds from the stock offering will be used, in part, to finance the sale of Golden West’s manufactured homes. The money will also be used to repay debts, fund improvements and cover costs related to the acquisition of its Colorado factory.
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