Chirex files S-1 registration statement for public offering of 3.5 million shares.MARLBOROUGH, Mass.--(BUSINESS WIRE)--Feb. 26, 1997 -- Shares to be offered by Sepracor Inc. ChiRex Inc. (Nasdaq: CHRX) and Sepracor Inc. (Nasdaq: SEPR SEPR Senior Enlisted Performance Report ) announced today that a registration statement has been filed with the Securities and Exchange Commission for a public offering of ChiRex's Common Stock currently held by Sepracor. The offering consists of 3,489,301 shares held by Sepracor. In addition, the Underwriters have the option to purchase up to 523,395 shares from ChiRex to cover over-allotments. The managing Underwriters Managing underwriter The leading firm in an underwriting group, which originates the deal and acts as an agent for the group. managing underwriter See lead underwriter. for the offering are Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. Inc., Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. and Legg Mason Founded in 1899, Legg Mason, Inc. (NYSE: LM) is a leading Global Asset Management Firm that serves the institutional, mutual fund and wealth management markets. The firm is headquartered in Baltimore, Maryland, and is located on Lombard and Charles Streets in the Legg Mason Wood Walker Incorporated. A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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 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. When available, prospectuses may be obtained from Smith Barney Inc., 388 Greenwich Street, 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 , NY, 10013. ChiRex is a Contract Manufacturing Organization serving the outsourcing needs of the pharmaceutical industry through its extensive pharmaceutical fine chemical manufacturing and process development capabilities and proprietary technologies. The Company supports and supplements the in- house development and manufacturing capabilities of its pharmaceutical and biotechnology customers with a broad range of fully-integrated services, accelerating the time from drug discovery to commercialization. ChiRex currently produces 54 products, of which 29 are core products, in its world-class, cGMP manufacturing facilities located in Dudley, Northumberland, England. ChiRex employs approximately 500 people and holds 45 patents and several patent applications in the field of chiral chi·ral adj. Of or relating to the structural characteristic of a molecule that makes it impossible to superimpose it on its mirror image. chi·ral chemistry. Sepracor develops Improved Chemical Entities (ICEs), which are enhanced versions of existing, widely-sold drugs. -0- To receive a copy of this release or any recent release via fax, call Sepracor's new automated news fax line at 1-800-211- 9662. CONTACT: Sepracor, Inc. David P. Southwell, Jean M. Devine 508/481-6700 |
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