CHECKPOINT SYSTEMS, INC. FILES OFFERING OF 3,450,000 SHARES OF COMMON STOCK.THOROFARE, New Jersey--(BUSINESS WIRE)--Jan. 25, 1995-- Checkpoint Systems, Inc. (NYSE NYSE See: New York Stock Exchange : CKP CKP Checkpoint CKP Crankshaft Position CKP Chandraseniya Kayastha Prabhu (caste of Maharastra, India) CKP Chris Key Players (band) CKP Concept Knowledge Processing ) announced today that it has filed a registration statement with the Securities and Exchange Commission seeking to register 3,450,000 shares of its common stock (including an underwriters' overallotment option overallotment option See greenshoe. of 450,000 shares) to be sold in an underwritten public offering by a syndicate of underwriters led by Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. & Co. Incorporated, NatWest Securities Limited and PaineWebber Incorporated. 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). from the offering are anticipated to be approximately $67 million ($77.3 million if the overallotment option is exercised in full). The proceeds are expected to be used for general corporate purposes including the following: (i) approximately $27 million for potential strategic acquisitions and related start-up expenses and capital expenditures; (ii) approximately $20 million to provide capital to enable Checkpoint Systems, Inc. to lease equipment to customers and (iii) approximately $20 million to retire existing short-term and long-term indebtedness now in place and expected to be incurred between now and the consummation of the offering. A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these shares of the common stock of Checkpoint Systems, Inc. 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 notice shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the common stock of Checkpoint Systems, Inc. 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. Checkpoint Systems, Inc. is a leading developer of advanced microprocessor-based and radio frequency (RF)-based loss prevention technology. CONTACT: CHECKPOINT SYSTEMS Steven G. Selfridge, 609/384-2473 or MALLORY FACTOR Mallory Factor is Chairman of the Free Enterprise Fund ("FEF") and is often called "The George Soros of the right" by people who don't mean it as a compliment. FEF has listed five "take action" campaigns on their website (https://www.myfef.org/bin/action.center.election). INC. Mandana Chaffa, 212/242-0000 |
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