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Gaiam files for public offering of solar goods unit

Thu Feb 7, 2008 5:14am EST

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NEW YORK, Feb 7 (Reuters) - Gaiam Inc (GAIA.O) said on Thursday it is planning an initial public offering of a minority interest in its Real Goods Solar unit to optimize the unit's potential and create additional value for Gaiam shareholders.

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The company said it had filed with the U.S. Securities and Exchange Commission relating to a proposed offering of shares of Real Goods Solar's Class A common stock and has reserved the Nasdaq ticker symbol 'RSOL'.

Real Goods Solar is a residential solar energy integrator offering the supply, installation and maintenance of solar energy systems. (Reporting by Yinka Adegoke; Editing by David Cowell)

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