[2] Credit Suisse First Boston Exercises Greenshoe for ACT Manufacturing Follow-on Offering.PALO ALTO, Calif.--(BUSINESS WIRE)--Nov. 22, 1999-- Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. announced that the underwriters purchased 453,750 shares of common stock at a price of $26.0625/share offered by ACT Manufacturing, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ACTM ACTM Atlantic College of Therapeutic Massage (Fredericton, NB, Canada) ACTM Aircraft Collection Tasking Message ) and its selling stockholders to cover over-allotments in connection with the Company's public offering. The offering was managed by Credit Suisse First Boston, CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. , SG Cowen and J.C. Bradford & Co. The additional stock offering consisted of 247,500 shares offered by ACTM and 206,250 shares offered by the selling stockholders. The Company received approximately $6.1 million in net proceeds from the exercise by the underwriters by their over-allotment option. The net proceeds to the Company from the sale of the over-allotment shares were used to repay a portion of the Company's outstanding indebtedness. ACT Manufacturing, Inc., headquartered in Hudson, Massachusetts, provides value-added electronics manufacturing services Electronic manufacturing services (EMS) is term used for companies that design, test, manufacture, distribute and provide return/repair services for electronic component and assemblies for original equipment manufacturers (OEMs). to original equipment manufacturers in the networking and telecommunications, computer, industrial and medical equipment markets. They also provide OEMs with printed circuit board assembly, using mostly advanced surface mount technology, electro-mechanical sub-assembly, total system assembly and integration and mechanical and molded cable and harness assembly. A copy of the prospectus related to this offering is available through Credit Suisse First Boston's Prospectus Department at 212-325-2580. Credit Suisse First Boston is a leading global investment banking firm, providing comprehensive financial advisory, capital raising, sales and trading, and financial products for users and suppliers of capital around the world. It operates in over 60 offices across more than 30 countries and has over 14,000 employees. For the year ended December 31, 1998, CSFB CSFB Credit Suisse First Boston CSFB Cyclically Shifted Filter Bank had $6.7 billion in revenues, $7.1 billion in equity and $291 billion in assets. The Firm is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the Zurich-based Credit Suisse Group. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. |
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