CFM Technologies files registration statement for initial public offering of 2,200,000 shares of common stock.WEST CHESTER West Chester, borough (1990 pop. 18,041), seat of Chester co., SE Pa., W of Philadelphia; inc. 1799. Primarily residential, West Chester was long the trade and processing center for an agricultural region that is now mainly suburbs. , Pa.--(BUSINESS WIRE)--May 22, 1996--CFM Technologies, Inc. announced today that it has filed an amended registration statement with the Securities and Exchange Commission covering a proposed initial public offering of 2,200,000 shares of common stock to be managed by PaineWebber Incorporated, Donaldson, Lufkin & Jenrette Securities Corporation and Montgomery Securities. The company plans to list the common stock on The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol "CFMT CFMT Community Foundation of Middle Tennessee CFMT Canada’s First Multicultural Television CFMT Ceinwen Faulkner Memorial Trust CFMT Cooperative Fusion Machine Translation ." Of the 2,200,000 shares being offered, 1,760,000 are being offered in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and 440,000 are being offered in a concurrent international offering outside the United States and Canada. Of the 2,200,000 shares being offered, 2,138,461 will be sold by the company and 61,539 will be sold by certain shareholders. In addition, the company has granted to the underwriters an option to purchase up to an aggregate of 330,000 additional shares for the purpose of covering overallotments, if any. The company anticipates that the initial public offering price will be between $13.00 and $15.00 per share. The company plans to use the 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 the offering for debt repayment, expansion of facilities, upgrade of systems and general corporate purposes, including working capital. Following the offering, the company will have approximately 5.94 million common shares outstanding. The company designs, manufactures and markets advanced wet processing equipment for sale to the worldwide semiconductor and flat panel display A thin display screen for computer and TV usage. The first flat panels appeared on laptop computers in the mid-1980s, and the LCD technology became the standard. Stand-alone LCD screens became available for desktop computers in the mid-1990s and exceeded sales of CRTs for the first time industries. A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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 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 such State. A copy of the prospectus contained in the registration statement may be obtained from PaineWebber Prospectus Department, 1000 Harbor Boulevard, Weehawken, NJ 07087. telephone: 201/902-7336; Donaldson, Lufkin & Jenrette, Prospectus Department, 277 Park Avenue, 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 10172, telephone: 212/892-4525; or Montgomery Securities, Prospectus Department, 600 Montgomery Street, San Francisco, CA 94111, telephone: 415/627-2220. CONTACT: PaineWebber Peter Casey, 212/713-8515 |
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