Chart Industries Announces Public Offering of Common Stock.EASTLAKE, Ohio--(BUSINESS WIRE)--Sept. 10, 1997--Chart Industries, Inc. (NYSE NYSE See: New York Stock Exchange :CTI (Computer Telephone Integration) Combining data with voice systems in order to enhance telephone services. For example, automatic number identification (ANI) allows a caller's records to be retrieved from the database while the call is routed to the appropriate party. ) announced today the filing of a registration statement with the Securities and Exchange Commission covering the public offering of 2,800,000 shares of its common stock. Of the 2,800,000 shares of common stock, 1,300,000 shares are being sold by the Company and the remaining 1,500,000 shares are being sold by certain stockholders of the Company. The Company has granted to the underwriters of the proposed offering an option to purchase up to an additional 420,000 shares of common stock. 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 will be used principally to repay indebtedness incurred in connection with the Company's acquisition of Cryenco Sciences, Inc. in July 1997. The underwriters of the proposed offering will be represented by Schroder & Co. Inc., 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 , and McDonald & Company Securities, Inc., Cleveland. Chart Industries, Inc. manufactures an extensive line of cryogenic equipment used to purify, liquefy liquefy /liq·ue·fy/ (lik´wi-fi) to become or cause to become liquid. , store and transport industrial gases such as nitrogen, oxygen, argon argon (är`gŏn) [Gr.,=inert], gaseous chemical element; symbol Ar; at. no. 18; at. wt. 39.948; m.p. −189.2°C;; b.p. −185.7°C;; density 1.784 grams per liter at STP; valence 0. , and helium, and certain hydrocarbons including natural gas for further use in a multitude of industrial, commercial and government applications. Chart also produces high-vacuum systems and stainless steel tubing. Headquartered in Eastlake, Ohio, the Company has operations located in Arkansas, California, Colorado, Louisiana, Massachusetts, New Hampshire, Ohio New Hampshire is an unincorporated community located in central Goshen Township, Auglaize County, Ohio, United States. Located between Wapakoneta and Lakeview at the intersection of U.S. , Pennsylvania and Wisconsin. _______________ 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 press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sales 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 can be obtained from Schroder & Co. Inc., Equitable Center, 787 Seventh Avenue, New York, New York 10019, and from McDonald & Company Securities, Inc., McDonald Investment Center, 800 Superior Avenue, Cleveland, Ohio 44114. CONTACT: Chart Industries, Inc. Don A. Baines, 440/946-2525 |
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