Cosi completes offering for $5M

DEERFIELD Ill. Cosi Inc., parent company to the 145-unit Cosi sandwich and salad chain, completed last week a shareholder rights offering that will raise about $5 million.

Cosi said the rights offering, which it announced in September, expired on Jan. 6, and that preliminary results showed it was over-subscribed. Cosi will issue 10 million shares to stockholders that exercised their privileges. Executive officers and outside directors for the Deerfield-based company