Carlyle Group to Sell 10.8 Million United Defense Shares.Business Editors ARLINGTON, Va.--(BUSINESS WIRE)--July 24, 2003 United Defense Industries, Inc. (NYSE NYSE See: New York Stock Exchange :UDI (1) (Unified Display Interface) A digital interface from the United Display Interface SIG that is designed to replace the analog VGA interface common on CRTs and flat panel monitors. UDI is expected to provide backward compatibility with DVI and HDMI interfaces. ) announced today that certain of its stockholders, including affiliates of The Carlyle Group  The of this article or section may be compromised by "weasel words".You can help Wikipedia by removing weasel words. The Carlyle Group is a Washington, D.C. , will be offering for sale to the public 10.8 million shares of the Company's common stock pursuant to a Prospectus Supplement to be filed today as part of the Company's universal shelf registration statement on Form S-3 filed with the Securities and Exchange Commission on May 23, 2003, as amended on July 15 and July 16, 2003. The selling stockholders will also grant the underwriters a 30-day option to the purchase of additional shares to cover over-allotments, if any, in an amount of up to 15% of the shares sold in the offering. The proposed offering is expected to commence on July 24, 2003. Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. , Inc. and J.P. Morgan Securities, Inc. are acting as joint book-running managers for the offering. The Company will not be offering any new shares to the public in this offering. 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 the securities referred to herein in any state in which such offer, solicitation or sale would be unlawful. About United Defense United Defense designs, develops and produces combat vehicles, artillery, naval guns List of Naval Guns, listed below by country in caliber order. France
missile launcher n → lance-missiles m missile launcher missile n and precision munitions mu·ni·tion n. War materiel, especially weapons and ammunition. Often used in the plural. tr.v. mu·ni·tioned, mu·ni·tion·ing, mu·ni·tions To supply with munitions. used by the U.S. Department of Defense and allies worldwide and is America's largest non-nuclear ship repair, modernization, overhaul and conversion company. To learn more about United Defense, visit www.uniteddefense.com. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Information in this release may involve guidance, expectations, beliefs, plans, intentions or strategies regarding the future. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to United Defense Industries, Inc. as of the date of the release, and we assume no obligation to update any such forward-looking statements. The statements in this release are not guarantees of future performance and actual results could differ materially from our current expectations. Numerous factors could cause or contribute to such differences. Please refer to the Company's Annual Report on Form 10K for the year ended December 31, 2002, and in our other reports filed from time to time with the Securities and Exchange Commission for a further discussion of the factors and risks associated with our business. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion