Milestone AV Cuts IPO Terms

Milestone AV Technologies Inc. (f.k.a. CSAV Holding Corp.), a Savage, Minn.-based maker of audio-visual mounting equipment and display solutions, has cut its IPO price range from $14-$16 per share to $12-$14 per share. It still plans to offer 12 million common shares, and trade on the NYSE under ticker symbol MLS. Wachovia Securities and Piper Jaffray are serving as co-lead underwriters. Friedman Fleischer & Lowe led a 2003 buyout of Milestone, and currently stands as majority owner. Other shareholders include Fulham Investors and Performance Equity Management.