But will they put a duck on the tail? ---------------------------------------------------------------------- This article was sent to you by someone who found it on SF Gate. The original article can be found on SFGate.com here: http://www.sfgate.com/cgi-bin/article.cgi?file=3D/news/archive/2002/07/22/f= inancial1024EDT0060.DTL ---------------------------------------------------------------------- Monday, July 22, 2002 (AP) Republic Airways cuts estimated IPO price range (07-22) 07:24 PDT (AP) -- WASHINGTON (Dow Jones/AP) -- Republic Airways Holdings Inc. said Monday = it lowered the estimated price range for its pending initial public offering. The estimated price range for the shares will now be $8 to $10 a share, reduced from $12 to $14 a share, Republic said Monday in a filing with the Securities and Exchange Commission. The Indianapolis-based regional airline said the number of shares offered will remain at 5 million, representing about 20 percent of the company's 25 million shares outstanding. The IPO would give the company a market value of up to $250 million. Republic, which operates passenger service on 338 flights daily to 39 cities in 22 states and Canada, plans to use the offering proceeds to pay down debt, redeem the preferred stock of Chautauqua Airlines Inc., and for general corporate purposes. Managers of the offering received an option to sell up to additional 750,000 shares to meet demand. The company, which has code-sharing agreements with AMR Corp., the parent of American Airlines Inc., plans to list its common stock on the Nasdaq Stock Market under the symbol "RJET." =20 ---------------------------------------------------------------------- Copyright 2002 AP