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CVC, Inc. Announces Filing With SEC for Initial Public Offering.


ROCHESTER, N.Y.--(BUSINESS WIRE)--Sept. 13, 1999--

CVC See CSC. , Inc. (CVC), a worldwide supplier of deposition equipment for the fabrication of thin film recording heads for the data storage industry and semiconductor devices, announced today that it filed an amended Registration Statement with the Securities and Exchange Commission regarding an initial public offering of 3,500,000 shares of its Common Stock.

Of the 3,500,000 shares of Common Stock offered, 3,000,000 shares are being sold by CVC, Inc. and 500,000 shares are being sold by selling stockholders. The offering will be sold through underwriters led by Lehman Brothers, Prudential Securities, SG Cowen and Warburg Dillon Read Investment bank created by the 1997 merger of S.G. Warburg & Co. and Dillon, Read & Co. Subsequently renamed UBS Warburg and now part of UBS AG, where the Warburg name was eventually dropped.  LLC. The underwriters will have an option to purchase up to 525,000 additional shares of Common Stock from the selling stockholders solely to cover over-allotments, if any.

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 communication 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 preliminary prospectus may be obtained when available from the office of Lehman Brothers, Inc., c/o Automatic Data Processing Same as data processing. , Prospectus Fulfillment, 55 Mercedes Way, Edgewood, NY 11717; Prudential Securities, 111 8th Avenue, New York, NY 10011, Attention Prospectus Department; SG Cowen, One Financial Square, New York, NY 10005, Attention Prospectus Department; or Warburg Dillon Read LLC, 299 Park Avenue, 31st Fl., New York, NY 10171, Attention Prospectus Department.

CVC provides cluster tool manufacturing equipment for the data storage and semiconductor industries. CVC offers advanced thin film process solutions with focus in key thrust areas: Physical Vapor Deposition This article or section is in need of attention from an expert on the subject.
Please help recruit one or [ improve this article] yourself. See the talk page for details.
 (PVD PVD
abbr.
peripheral vascular disease


PVD Peripheral vascular disease, see there
), MR / GMR recording head fabrication / MRAM (Magnetic RAM) A non-volatile, random access memory technology that is designed to initially replace flash memory and, potentially, DRAM memory. MRAM uses magnetic, thin film elements on a silicon substrate that can be built on the same chip with the logic circuits.  device production, Ion Beam processing equipment, MOCVD MOCVD Metallo Organic Chemical Vapor Deposition
MOCVD Metal Oxide Chemical Vapor Deposition
 interconnect metallization Met`al`li`za´tion

n. 1. The act or process of metallizing.
 processes, and specialty applications, such as GaAs, bump metallization and passive components. CVC operates Advanced Product Development, Systems Engineering, Applications Engineering, Customer Service and Technical Support centers throughout the world.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 13, 1999
Words:382
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