Actel Corporation Files Registration Statement for Public Offering of 4,700,000 Shares of Common Stock.SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 24, 1995--Actel Corporation (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 : ACTL ACTL American College of Trial Lawyers (Irvine, California) ACTL Access Carrier Terminal Location ACTL Activation Library ACTL Automated Compatibility Test Laboratory ACTL Association Cultural Turkey-Luxembourg ) announced that it has filed a registration statement relating to a proposed public offering of 4,700,000 shares of Common Stock with the Securities and Exchange Commission. Of the total, the Company will offer 2,068,422 shares and Texas Instruments Incorporated (TI) will offer all 2,631,578 shares held by TI. Goldman, Sachs & Co. will lead-manage the underwriting group with Montgomery Securities and Needham & Company, Inc. serving as co-managers. Net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the sale of shares by Actel will be used for general corporate purposes, including working capital, possible acquisition of or investment in additional foundry capacity, and capital expenditures. Actel designs, develops, and markets field programmable gate arrays (FPGAs) and associated software development systems and programming hardware. Actel is the leading supplier of FPGAs based on antifuse switching elements. A copy of the preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders relating to the offering may be obtained, when available, from Goldman Sachs & Co., One New York Plaza One New York Plaza is an office building in New York City, built in 1969, and is located at the intersection of South and Whitehall Streets (). It is the southernmost of all Manhattan skyscrapers. , New York New York, state, United States 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 10004; or from Montgomery Securities, 600 Montgomery Street, San Francisco, CA 94111; or from Needham & Co., 400 Park Avenue, New York, NY 10022. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall 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 such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. CONTACT: Actel Corporation David M. Sugishita, 408/522-4393 |
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