AmeriSource Completes Secondary Share Issue.MALVERN, Pa.--(BUSINESS WIRE)--Feb. 10, 1999--AmeriSource Health Corp. (NYSE NYSE See: New York Stock Exchange :AAS), one of the nation's leading pharmaceutical distributors, announced today that it has successfully completed a secondary public offering of six million shares of common stock priced at $76.50 per share. All of the shares sold in the offering were held by affiliates of Citicorp Venture Capital, Ltd. (CVC See CSC. ). R. David Yost David Harold Yost (born January 7, 1969) is an American actor known for his role on the television series Mighty Morphin Power Rangers. Biography Early life , President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AmeriSource Health said, "We embarked on a rigorous national roadshow to reconfirm re·con·firm tr.v. re·con·firmed, re·con·firm·ing, re·con·firms To confirm again, especially to establish or support more firmly: reconfirmed the reservations. our position as an industry leader and to convey the future outlook of AmeriSource. This ambitious exercise combined with the proposed two-for-one stock split, will yield a broader shareholder base and improve the liquidity of the AmeriSource common stock. It has also provided another opportunity to reinforce our commitment to maximizing share value." CVC will retain approximately 720,000 shares of AmeriSource common stock. The offering was led by Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. and Donaldson Lufkin & Jenrette and co-managed by J.P. Morgan & Co., First Union Capital Markets, McDonald Investments, and Piper Jaffray, Inc. AmeriSource Health Corp. is a Fortune 200 company with revenues of $8.7 billion for fiscal year end 1998. The Company is one of the nation's leading pharmaceutical distributors and serves the healthcare industry from a nationwide network of 23 strategically located distribution centers. News and additional information about AmeriSource are available at www.amerisource.com Certain information contained in this press release includes forward-looking statements (as defined in Section 27A of the Securities Act and Section 21E of the Exchange Act) that reflect the Company's current views with respect to future events and financial performance. Certain factors such as competitive pressures, success of restructuring initiatives, continued industry consolidation, changes in customer mix, changes in pharmaceutical manufacturers' pricing and distribution policy, the loss of one or more key customer or supplier relationships and other matters contained in the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for fiscal year 1998 and other public documents could cause actual results to differ materially from those in the forward-looking statements. The Company assumes no obligation to update the matters discussed in this press release. |
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