First Family Group plans to go public.
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The Akron, Ohio-based retailer of home appliances and consumer electronics, which operates 11 ATA stores in Southern California, said it has filed a registration statement with the Securities and Exchange Commission covering a proposed initial public offering of 1.25 million of its common shares. Half are being offered by the company and the rest by certain shareholders. It is expected that the shares will be offered at between $12 and $14 per share and that the offering will take place in early March.
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