C-MAC Industries Inc. Prices Offering of 10,000,000 Common Shares in the United States and in Canada.Business Editors MONTREAL--(BUSINESS WIRE)--Aug. 9, 2000 C-MAC Industries Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. .), a provider of a comprehensive portfolio of electronic manufacturing services and solutions, today announced the initial public offering in the United States and a public offering in Canada of an aggregate of 10,000,000 common shares at a price of US$63.18 per share in the United States and C$94.00 per share in Canada. Closing is scheduled to take place on August 14, 2000. In addition, C-MAC has granted to the underwriters an option to purchase up to an additional 1,500,000 common shares at the same price to cover over-allotments, if any. 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 approximately US$603.4 million or C$897.7 million from the offering, assuming the underwriters do not exercise their over-allotment option, will be used by C-MAC primarily to finance acquisitions and establish new facilities, as well to finance capital expenditures, working capital and general corporate expenditures. The New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. has approved the common shares for listing under the symbol "EMS". Merrill Lynch & Co. and Banc of America Securities LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control served as joint lead managers of the offering with Merrill Lynch acting as the sole book runner Book Runner The managing or lead underwriter who maintains the books of securities sold for a new issue. Notes: In other words, this person is the underwriter who "runs" the books. Often the book runner is given credit for the total size of the deal. . Other members of the underwriting syndicate include CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. Inc., FleetBoston Robertson Stephens Inc. and J. P. Morgan Securities Inc. Copies of the prospectus are available from the underwriters, namely Merrill Lynch, Pierce, Fenner & Smith Incorporated, Banc of America Securities LLC, CIBC World Markets Inc., FleetBoston Robertson Stephens Inc. and J. P. Morgan Securities Inc. as well as Merrill Lynch Canada Inc. and J.P. Morgan Securities Canada Inc. 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 the registration or qualification under the securities laws of any such state. |
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