Aeroflex Incorporated Files Registration Statement Covering 3,000,000 Shares of Common Stock.PLAINVIEW, N.Y.--(BUSINESS WIRE)--Nov. 17, 1997--Michael Gorin, president of Aeroflex Incorporated (NYSE NYSE See: New York Stock Exchange : ARX), today announced the filing of a registration statement with the Securities and Exchange Commission covering 3,000,000 shares of Common Stock. Of the total offering 2,500,000 shares of Common Stock are being offered by the company, with the balance being offered by certain selling stockholders. The proceeds to be received by the company from the offering will be used to repay approximately $9.3 million in bank indebtedness and the balance will be used for working capital and general corporate purposes, including facilities expansion and potential acquisitions. The underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. is to be managed by CIBC CIBC Canadian Imperial Bank of Commerce CIBC Centres Interinstitutionnels de Bilan de Compétences CIBC Commonwealth Institute of Biological Control (Trinidad) CIBC Commercial International Brokerage Company Oppenheimer Corp., A.G. Edwards & Sons Inc., SoundView Financial Group Inc., and Ladenburg Thalmann Ladenburg Thalmann is a small New York City investment bank and broker founded in 1876. The firm became a member of the New York Stock Exchange in 1879 and was a major Wall Street player into the 1950s. & Co. Inc. The underwriters have an over-allotment to purchase up to an additional 450,000 shares of Common Stock from the company. Aeroflex Incorporated, through its subsidiaries, utilizes advanced technologies to provide state-of-the-art microelectronic module, interconnect and testing solutions used in communication applications for commercial and defense markets. It also designs and manufactures motion control systems and shock and vibration isolation Vibration isolation is the process of isolating an object, such as a piece of equipment, from the source of vibrations. Despite construction distinctions the essence of all vibration isolation systems are similar. systems used for commercial, industrial and defense applications. -0- A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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 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 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: Aeroflex Incorporated, Plainview Michael Gorin, 516/694-6700 |
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