The Bell Micro tolls for $35m share offer

For the pot

Bell Microproducts yesterday announced its intention to raise up to $35m by issuing a new line of equity. The international distie group said it will use the money to "fund the growth of the Company, to pay down debt, to facilitate selective acquisitions, and to fund performance improvement programs that have a rapid return on investment".

Bell Micro is the parent company of UK's Ideal Hardware. ®