* Lead manager Smith Barney has launched a sale of stock for insurance group SAFECO Corp. The deal, valued at $518m, is expected to be priced early next week and is attracting strong interest from US and international investors. Credit Suisse First Boston, Goldman Sachs, Merrill Lynch and Fox-Pitt Kelton are co-lead managers. The stock is listed on Nasdaq and the shares were trading at $51 when the deal was announced. A total of 12m shares are being offered with 10m being targeted at US investors.
October 03, 1997