K-SEA TO IPO WITH JEFFERIES, LEHMAN, UBS & MCDONALD

By Matt McCleery

In Mid-August, we learned that U.S-based K-Sea Transportation had filed to sell 3.5 million common units in an IPO structured as a Master Limited Partnership to raise $68 million by selling 41% of the company. We expect to see a deal in late September.

K-Sea, which had net income of $14.4 million on revenues of $80 million in fiscal 2002, and provides transportation of refined

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