ABC-NACO $300 Million Universal Shelf Registration Declared Effective October 29, 1999.DOWNERS GROVE Downers Grove, village (1990 pop. 46,858), Du Page co., NE Ill.; settled 1832, inc. 1873. Downers Grove has undergone population growth and commercial development that include the construction of new office complexes. , Ill.--(BUSINESS WIRE)--Nov. 1, 1999-- ABC-NACO Inc. (ABCR ABCR American Bashkir Curly Registry ABCR ATP-Binding Cassette Transporter, Retina-Specific ABCR As Built Configuration Report ABCR Association of British Cartridge Remanufacturers ABCR Aviary Bred, Close Ringed ) today announced that the Securities and Exchange Commission (SEC) has declared effective the Company's recently filed $300 million universal shelf registration. The shelf registration will enable the Company to issue up to an aggregate $300 million of a combination of registered debt securities, preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. , and common equity on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933. "This shelf registration will provide our Company with maximum flexibility in financing future strategic growth opportunities while also permitting the Company to pursue its targeted capital structure," commented Chief Executive Officer Joseph A. Seher. ABC-NACO is one of the world's leading suppliers of technologically advanced products to the railroad and flow control industries through its three business segments or groups: Rail Products, Rail Services and Systems, and Flow and Specialty Products. With four technology centers around the world, ABC-NACO holds pre-eminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae market positions in the design, engineering, and manufacture of high performance freight rail car, locomotive and passenger rail suspension and coupler Refers to a myriad of different types of sockets for plugging in electric or electronic cables or devices. See network coupler. systems, wheels and mounted MORE Page 2 wheel sets, and specialty track products. The Company also supplies railroad and transit signaling systems and services, as well as highly engineered valve bodies and components for industrial flow control systems worldwide. This announcement does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State in which an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such State. An offering of these securities will be made only by means of a prospectus supplement. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained in this release which are not historical facts, such as those concerning future financial performance and growth, may be deemed to be forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are subject to change based on various factors which may be beyond the control of ABC-NACO Inc. Accordingly, actual results of the Company could differ materially from those expressed or implied in any such forward-looking statement. Factors that could affect actual results are described more fully in the Company's 10-K dated July 31, 1999, under the caption "Cautionary Statement Concerning Forward Looking Statements" and other risks described from time to time in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made. |
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