Anthony Industries announces registration of common stock offering.LOS ANGELES--(BUSINESS WIRE)--April 27, 1995--Anthony Industries Inc. (NYSE NYSE See: New York Stock Exchange :ANT) announced that it has filed a registration statement Thursday with the Securities and Exchange Commission relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc a public offering by the company of 4 million primary shares of its common stock. Anthony said it will 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). of the offering to repay borrowings under the company's bank revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. line, which were used in part for development and introduction of new products and strategic acquisitions. The managing underwriters for the offering are Salomon Brothers
Salomon Brothers was a Wall Street investment bank. Inc., A.G. Edwards & Sons Inc. and Smith Barney Inc. The company has granted the underwriters an over-allotment option to purchase up to 600,000 additional shares. Anthony Industries is a leading designer, manufacturer and marketer of brand name sporting goods, recreational and industrial products. The company's sporting goods and recreational products include several well-known names such as K2 and Olin alpine skis, K2 snowboards, K2 Exotech in-line skates, Stearns active water sports water sports Urophilia, see there equipment, Shakespeare fishing rods, ProFlex mountain bikes and Anthony swimming pools. Anthony's industrial products include Thermo-ply residential insulative in·su·la·tive adj. Serving to insulate or keep safe: the insulative value of an animal's fur; insulative packing materials. sheathing and under the Shakespeare brand, extruded monofilaments, marine antennas, electronic instruments and fiberglass light poles. The registration statement relating to these securities has not yet become effective, and therefore the 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 the 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. A written prospectus meeting the requirements of Section 10 of the Securities Act may be obtained when available from the Los Angeles office of Salomon Brothers Inc. Please contact Christine Solomon at 213/253-2228. CONTACT: Anthony Industries Inc., Los Angeles John Rangel, 213/890-5830 |
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