Albany Molecular Research, Inc. Prices Public Offering.Business Editors ALBANY, N.Y.--(BUSINESS WIRE)--Oct. 6, 2000 Albany Molecular Research, Inc. (Nasdaq: AMRI AMRI Albany Molecular Research (stock symbol) AMRI Advanced Magnetic Research Institute (Mocksville, NC) AMRI Advanced Materials Research Institute AMRI Adult Movie Review Index ) today announced that it had priced its public offering of 4,100,000 shares of its common stock, of which 3,000,000 shares were offered by the Company and 1,100,000 shares were offered by selling stockholders. The offering price was $42.25 per share. A stockholder of the Company has granted the underwriters the right to purchase an additional 615,000 shares of common stock solely to cover any over-allotments. The offering was underwritten by a syndicate of underwriters managed by Deutsche Banc Alex. Brown, Chase H&Q, 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. , Prudential Vector Healthcare Group, a unit of Prudential Securities, and FAC/Equities. The Company expects to use the 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 offering for working capital and other general corporate purposes. Based in Albany, New York For other uses, see Albany. Albany is the capital of the State of New York and the county seat of Albany County. Albany lies 136 miles (219 km) north of New York City, and slightly to the south of the juncture of the Mohawk and Hudson Rivers. , Albany Molecular Research is a leading chemistry research and drug discovery and development company focusing on applications for the pharmaceutical, biotechnology and life sciences industries. Albany Molecular Research performs comprehensive chemistry research, from lead discovery, optimization and development to commercial manufacturing. The Company performs chemistry research for many of the leading pharmaceutical and biotechnology companies Top 100 Biotechnology Companies The following is a list of the top 100 biotechnology companies ranked by revenue. The first nine companies qualify for the list of the top 50 pharmaceutical companies. and for its own internal research and development. A copy of the final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. may be obtained from the offices of Deutsche Banc Alex. Brown, Prospectus Department, One South Street, Baltimore, Maryland 21202. |
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