Equity Offerings

Ferro Corporation (NYSE: FOE) announced today that it has closed on its previously announced common stock offering. The total number of shares sold was 41,112,500, including 5,362,500 shares issued in connection with the exercise of the underwriters' over-allotment option to purchase additional shares.

Ferro intends to use up to $50 million of the net proceeds from the offering to pay the costs associated with its restructuring programs and strategic initiatives. Ferro will use the remaining net proceeds to reduce borrowings under its credit facility and pay fees and expenses in connection with the amendment and restatement of such facility.

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Sinclair Television Group, Inc., a wholly-owned subsidiary of Sinclair Broadcast Group (Nasdaq: SBGI) today announced the completion of its tender offers for any and all of the Company's outstanding 3.0% Convertible Senior Notes due 2027 (CUSIP No. 829226AW9) (the "3.0% Notes") and 4.875% Convertible Senior Notes due 2018 (CUSIP No. 829226AU3) (the "4.875% Notes" and, together with the 3.0% Notes, the "Notes"). As of 12:00 midnight, New York City time on November 5, 2009 (the "Expiration Date"), holders representing approximately 90.60% ($266.6 million) in principal amount of the 3.0% Notes and 74.21% ($106.5 million) in principal amount of the 4.875% Notes had validly tendered and not validly withdrawn their Notes.

The holders of the remaining $27.7 million principal amount of 3.0% Notes and $37.0 million principal amount of 4.875% Notes are entitled to require the Company to repurchase such Notes at 100% of their principal amount in May 2010 and January 2011, respectively. Pursuant to the terms of the tender offers, all of the 3.0% Notes and 4.875% Notes not tendered will remain outstanding and the terms and conditions contained in the applicable indenture governing such Notes will remain unchanged.

Sinclair expects to settle the tender offers on or around November 9, 2009 using the proceeds from its recent private placement of $500 million aggregate principal amount of 9.25% senior secured second lien notes due 2017.

Under the terms of the tender offers, any Notes validly tendered and not validly withdrawn on or prior to the Expiration Date will be purchased at a purchase price of $980 per $1,000 in principal amount. Tendering holders will also receive accrued and unpaid interest from the last interest payment date to, but excluding, the settlement date. [SM]

LogMeIn, Inc. (NASDAQ: LOGM) today announced that it has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed offering of 3,000,000 shares of common stock, of which up to 100,000 are expected to be offered by the Company and 2,900,000 are expected to be offered by selling stockholders. In addition, the underwriters will have a 30-day option to purchase up to 450,000 additional shares of common stock from the selling stockholders to cover over-allotments, if any.

LogMeIn will not receive any proceeds from the expected sale of the shares offered by the selling stockholders.

Joint book-running managers on the offering are J.P. Morgan Securities Inc. and Barclays Capital Inc.

Alliance Financial Corporation (NASDAQ: ALNC), the holding company for Alliance Bank, N.A., today announced that it has withdrawn its public offering of approximately $25 million in common stock due to market conditions.

Jack H. Webb, President and CEO of Alliance said, "As a result of the current market conditions, the potential pricing for Alliance's previously announced opportunistic stock offering did not meet our criteria and was not at a level that was in the best interests of our current shareholders."

Webb added, "While the offering was well received, we remain focused on enhancing shareholder value and disciplined in implementing our strategic objectives, and therefore feel it is in the best interests of our shareholders to withdraw the offering at this time."

The Company continuously monitors financial market conditions and may recommence the offering should conditions improve.

A. M. Castle & Co. (NYSE: CAS) announced today that it has filed a universal shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission (SEC). If and when declared effective by the SEC, the shelf registration statement will allow the Company to sell securities in one or more separate offerings in amounts and at prices and terms to be determined at the time of sale.

The registration statement is intended to provide the Company with the flexibility to offer and sell from time to time in the future up to $100 million of equity, debt or other types of securities described in the registration statement, or any combination of such securities. If securities are issued, the Company may use the proceeds for general corporate purposes, including acquisitions, capital expenditures, working capital, and repayment of debt. However, the Company currently does not have any specific plans to offer securities under the registration statement.

A registration statement relating to these securities has been filed with the SEC, but has not yet become effective.