Accenture Announces Public Offering of Common Shares.Business Editors NEW YORK--(BUSINESS WIRE)--Sept. 17, 2003 Accenture (NYSE NYSE See: New York Stock Exchange : ACN ACN Accenture (stock symbol) ACN Accenture ACN Australian Company Number ACN Automatic Collision Notification (US DOT) ACN Acetonitrile ACN Anglican Communion Network ) today announced that, as part of its previously announced share management program, it intends to move forward with a public offering of 82.0 million of its Class A common shares. Accenture will offer approximately 57.3 million newly issued shares in the offering, and certain Accenture partners, former partners, and their permitted transferees will offer approximately 24.7 million shares. Accenture intends to use the proceeds from its sale of newly issued shares to acquire or redeem a comparable number of Accenture SCA (Single Connector Attachment) An 80-pin plug and socket used to connect peripherals. With a SCSI drive, it rolls three cables (power, data channel and ID configuration) into one connector for fast installation and removal. Class I common shares and Accenture Canada Holdings exchangeable shares held by current partners, former partners, and their permitted transferees promptly after the conclusion of the offering. Accenture does not intend to retain any proceeds it raises through the offering for operating purposes, and the offering is not intended to increase the number of fully diluted shares outstanding. Accenture has granted to the underwriters an option for a period of 30 days to purchase from Accenture up to an aggregate of 12.3 million Class A common shares to cover overallotments, if any. Any proceeds received by Accenture from the exercise of this option will be used to acquire or redeem additional Class A common shares, Accenture SCA Class I common shares and Accenture Canada Holdings exchangeable shares. The shares will be offered by an underwriting syndicate Underwriting syndicate A group of investment banks that work together to sell new security offerings to investors. The underwriting syndicate is led by the lead underwriter. See also: Lead underwriter. underwriting syndicate See syndicate. led by Morgan Stanley New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10036. The offering is made only by means of the prospectus and related prospectus supplement. About Accenture Accenture is a global management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects , technology services and outsourcing company. Committed to delivering innovation, Accenture collaborates with its clients to help them become high-performance businesses and governments. With deep industry and business process expertise, broad global resources and a proven track record, Accenture can mobilize the right people, skills, and technologies to help clients improve their performance. With more than 80,000 people in 47 countries, the company generated net revenues of US$11.6 billion for the fiscal year ended August 31, 2002. Its home page is www.accenture.com. This news release shall not constitute an offer to sell or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy, nor shall there be any sale of the shares in any state or other 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. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion