Ballard Power Systems Inc. Announces That Underwriters Exercise Their Over-Allotment Option.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--March 3, 2000 (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BLDP) (TSE:BLD.) Further to its news release of March 2, 2000, Ballard Power Systems Ballard Power Systems (TSX: BLD, NASDAQ: BLDP), located in Burnaby, British Columbia -- a suburb of Vancouver -- is a company that designs, develops, and manufactures zero emission proton-exchange-membrane fuel cells. Inc. announced today that it will issue an additional 48,750 shares of its common stock at US$105 per share for gross proceeds of US$5,118,750 to an underwriting group managed by Morgan Stanley Dean Witter pursuant to the exercise of its over-allotment option. The underwriting group, which is co-managed by BMO Nesbitt Burns  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . Inc., 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. , Goldman, Sachs & Co., Merrill Lynch & Co. and Goepel McDermid Inc., exercised their over-allotment option in connection with Ballard's US$340.7 million (Cdn$499.2 million) public offering, which closed on March 2, 2000. Copies of the prospectus are available from the offices of Morgan Stanley Dean Witter, 1585 Broadway, New York, New York 10036 and from the offices of Morgan Stanley Canada Limited, 181 Bay Street, Toronto, Ontario M5J 2T3. Ballard is recognized as the world leader in proton exchange membrane A proton exchange membrane (PEM) is a semipermeable membrane generally made from ionomers and designed to conduct protons while being impermeable to gases such as oxygen or hydrogen. fuel cell technology. Ballard's principal business is the development and commercialization of proton exchange membrane fuel cells and fuel cell systems for use in automotive, stationary power and portable applications. Note: The offering of the common stock may be made only by means of a prospectus. 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 such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State. Ballard's Common shares are listed on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the trading symbol "BLD" and on the Nasdaq National Market System under the symbol "BLDP". Ballard and the Ballard logo are registered trademarks of Ballard Power Systems Inc. |
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