CALGENE PLANS STOCK OFFERING
CALGENE PLANS STOCK OFFERING DAVIS, Calif., Feb. 10 /PRNewswire/ -- Calgene Inc.
(NASDAQ: CGNE) announced that it has filed a registration statement with the Securities and Exchange Commission for an offering of 2,000,000 shares of Common Stock. The underwriters have been granted an over-allotment option to purchase up to 300,000 additional shares. All of the shares will be sold by Calgene. The offering will be made by underwriters led in the United States by PaineWebber Inc. and Piper, Jaffray & Hopwood Inc. and abroad by PaineWebber International (U.K.) Ltd. and Piper, Jaffray & Hopwood Inc.
Calgene is a biotechnology company that is developing a portfolio of improved plants and plant products for the seed, food and oleochemical industries. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news 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. A copy of the offering prospectus may be obtained from PaineWebber Inc. at 1000 Harbor Blvd., Weehawken, N.J. 07087, Attention: Prospectus Department; or Piper, Jaffray & Hopwood Inc. at 222 South Ninth St., Minneapolis, MN 55402, Attention: Syndicate Department. -0- 2/10/92 /CONTACT: Dan Wagster of Calgene Inc., 916-753-6313/ (CGNE) CO: Calgene, Inc. ST: California IN: SU: OFR
DG -- SF019 -- 8561 02/10/92 20:41 EST
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|Date:||Feb 10, 1992|
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