Planet Hollywood offers stock

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The Independent Online
Planet Hollywood offers stock

Planet Hollywood, the 28-strong chain of themed restaurants promoted by movie stars such as Arnold Schwarzenegger and Sylvester Stallone, will offer $190m of stock to the public on Friday. Some $130m of the proceeds will be used to repay debt, putting the company in a stronger position to develop its new line in sports bars and plans for a Marvel Mania comic book theme restaurant.

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