Arch Capital Group Ltd. Announces Plans for Public Offering of Common Shares.Business Editors HAMILTON, Bermuda--(BUSINESS WIRE)--March 18, 2002 Arch Capital Group Ltd. announced today that it plans to make a public offering of 6,500,000 of its common shares (not including 975,000 common shares subject to the underwriters' over-allotment option). The common shares will be offered under Arch Capital Group's shelf registration statement which was filed with the Securities and Exchange Commission on February 12, 2002 and declared effective today, March 18, 2002. Arch Capital Group's common shares are quoted on the National Nasdaq Market under the trading symbol Trading symbol See: Ticker symbol "ACGL ACGL Arch Capital Group Ltd. ACGL Automobile Corporation of Goa Limited ACGL Alternative County Government Law ." The offering will be led by Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. and Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. & Co., as joint lead managers and bookrunners. Goldman, Sachs & Co. and Salomon Smith Barney will be co-managers for the offering. Arch Capital Group Ltd., a Bermuda-based company with more than $1 billion in equity capital, provides insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. on a worldwide basis through its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . 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 the offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. A shelf registration statement relating to the common shares that the Company plans to sell has previously been filed with, and declared effective by the Securities and Exchange Commission. Any offer, if at all, will be made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. When available, copies of the prospectus relating to this offering may be obtained from Credit Suisse First Boston, c/o Prospectus Department, 11 Madison Avenue, 24th Floor, 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 10010 or from Merrill Lynch & Co., c/o Prospectus Department, 4 World Financial Center, New York, NY 10080. |
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