MERGERS AND ACQUISITIONSABRA Auto Body & Glass, Brooklyn Center, acquired four more repair centers in two states. In two separate transactions, ABRA acquired three Collision Plus Auto Body Repair Centers in southern Illinois just outside St. Louis, Mo., and Ogden Auto Body in Utah. The deals boost ABRA's repair center portfolio to 136 and expands its national footprint to 15 states.
DEBT AND EQUITIESKips Bay Medical Inc., Plymouth, closed its previously announced offering of 10 million common shares for total gross proceeds of $6.5 million. After the closing of the offering, Kips Bay now has more than 26.3 million common shares outstanding. The company received net proceeds of about $5.5 million after deducting underwriting discounts and commissions and offering expenses.
