Skip to main content IPO Priced Top-Range at $18 a Share

Goldman Sachs


(BNBN:Nasdaq) 25 million-share IPO top-range at $18 a share. The online bookseller owned by

Barnes & Noble

(BKS) - Get Barnes & Noble, Inc. Report



raised $450 million in the offering, which many expect to challenge's

(AMZN) - Get Inc. Report

kingly status. Earlier today, the offering's price range was lifted to $16 to $18 from $11 to $13.

In other postclose news (earnings estimates from

First Call

; earnings reported on a diluted basis unless otherwise specified):

Earnings/revenue reports and previews

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posted first-quarter earnings of 22 cents a share, beating the single-analyst estimate of 20 cents. The stock was up to 15 3/4 in after-hours trading from a close of 15 9/16.

Mergers, acquisitions and joint ventures



agreed to acquire privately held

Cable Systems Holding

for $180 million in cash.

As part of its ongoing restructuring,

Thermo Electron

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proposed merging into the company two majority-owned companies --

Thermo Ecotek





-- as units. ThermoTrex said it sees third-quarter restructuring charges of $105 million. Thermo Electron said it sees second-quarter restructuring charges of $450 million.

Separately, Thermo Ecotek said it will record restructuring and other charges totaling $125 million, most of which will be taken in the third quarter.



, a subsidiary of Thermo Electron, said it will record $30 million in charges, to be taken mostly in the second quarter, due to the sale of its power electronics and test equipment business.


Thermo Power


, yet another subsidiary of Thermo Electron, will take about $10 million in charges, to be taken mostly in the third quarter, due to the planned sale of a unit and a write-down of investments in Malaysia and Croatia.

Offerings and stock actions

Goldman Sachs priced

TC PipeLines'

(TCLPZ:Nasdaq) 11.5 million-share IPO low-range at $20.50 a share. Goldman said the number of shares has been cut to 11.5 million shares from 14.3 million. Calgary-based TC PipeLines was recently formed to acquire, own and participate in the management of U.S.-based pipeline assets.

Elsewhere in new issues,

Morgan Stanley Dean Witter


Brocade Communications Systems'

(BRCD:Nasdaq) 3.25 million-share IPO above-range at $19 a share. The company is a supplier of switches that computers use to save information.

As originally published this story contained an error. Please see

Corrections and Clarifications.