Dolan Media to issue up to $200 mln in securities

AP News
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Posted: Dec 18, 2009 6:32 PM

Dolan Media Co., a publisher of trade publications, on Friday said it has notified regulators that it might offer a securities sale worth up to $200 million.

The company made a filing with the Securities and Exchange Commission to issue more securities. These encompass any combination of common and preferred stock, debt or warrants.

But Dolan said it has no immediate plans to do an offering, but is preparing for when it might need to raise money for acquisitions and other purposes.

Dolan also provides services to law firms for the processing of residential mortgage defaults and court appeals.

Shares of Dolan, based in Minneapolis, were up 14 cents to $10.62 on Friday.