Underwriters Close LodgeNet Overallotment Buy

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LodgeNet Entertainment Corp. said Wednesday that the underwriters of its public offering, which closed July 6, closed their purchase of an additional 392,500 shares of common stock.

The public-offering price of the shares was $16.50 apiece, less underwriting commissions and discounts, and LodgeNet said the overallotment closing will provide it with additional net proceeds of approximately $6.1 million.