Playboy files for stock offering

Playboy Enterprises Inc. has filed a registration statement with the Securities & Exchange Commission covering a proposed public offering of 3 million shares of its non-voting Class B common stock.

Of the total, 2 million shares are being offered by a trust established by and for the benefit of Hugh Hefner, the company’s founder and principal stockholder, and 1 million shares are being offered by Playboy Enterprises. The company will grant an overallotment option to the underwriters for an additional 450,000 shares of Class B stock.

Bear, Stearns & Co. and Daniels & Associates will manage the underwriting group.

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