Brightpoint, Inc. Consummates Public Offering of Common Stock.INDIANAPOLIS--(BUSINESS WIRE)--Aug. 7, 1997--Brightpoint, Inc. (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 :CELL) announced today that it consummated at $30.00 per share its public offering of 2,200,000 shares of Common Stock by the Company and an additional 2,100,000 and 200,000 shares of Common Stock on behalf of Robert Picow and Joseph Forer, respectively. Messrs. Picow and Forer are the former stockholders of Allied Communications, Inc. and affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. , which the Company acquired in June 1996 in a pooling- of-interests transaction. The U.S. Offering is being managed by 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., Cowen & Company, UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Securities and Sands Brothers & Co., Ltd. The International Offering is being managed by Merrill Lynch International, Cowen International L.P., UBS Limited and Sands Brothers & Co., Ltd. Brightpoint is a leading provider of distribution and value- added logistics services to the wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. industry. The Company facilitates the effective and efficient distribution of wireless handsets and related accessories from leading manufacturers to network operators, agents, resellers, dealers and retailers in the wireless communications market. CONTACT: Brightpoint, Inc., Indianapolis Phillip A. Bounsall, 317/297-6100 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion