CROWN PACIFIC FILES ACQUISITION SHELF REGISTRATION.PORTLAND, Ore.--(BUSINESS WIRE)--Oct. 6, 1997--Crown Pacific Partners, L.P. (NYSE NYSE See: New York Stock Exchange :CRO), an integrated forest products company, today announced it will file a shelf registration statement with the Securities and Exchange Commission on Form S-4 to allow the company to make future acquisitions using partnership units. SEC Form S-4 is used to allow companies to issue units in exchange for assets or stock of existing businesses. Crown Pacific will have the potential to issue units valued at more than $100 million in an acquisition, based on the 4,000,000 limited partnership units to be registered. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Crown Pacific Chief Financial Officer Rick Snyder, "Having these units accessible for acquisitions allows us greater financial flexibility, including the ability to move quickly to complete transactions as they become available." Any offering of the limited partnership units will be made only by means of an appropriate prospectus. Crown Pacific Partners Crown Pacific Partners, L.P. was a publicly traded partnership founded in 1988 which at its peak owned about 800,000 acres (3,000 km²) of timberland, half in Oregon and the rest in Washington, Idaho, and Montana. , L.P. is a leading forest products company, with more than 5.0 billion board feet of timber holdings on approximately 800,000 acres and conversion facilities located in Oregon Oregon, city, United States Oregon, city (1990 pop. 18,334), Lucas co., NW Ohio, a suburb adjacent to Toledo, on Lake Erie; inc. 1958. It is a port with railroad-owned and -operated docks. The city has industries producing oil, chemicals, and metal products. , Washington, Idaho and Montana. CONTACT: Financial Inquiries: Media Inquiries: Mark B. Conan Robert S Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. . (Bob) Hess Hess , Walter Rudolf 1881-1973. Swiss physiologist. He shared a 1949 Nobel Prize for his research on the brain's control of the body. Crown Pacific Crown Pacific 503/274-2300 503/274-2300 |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion