Compass Minerals International Prices Secondary Offering.OVERLAND PARK, Kan. -- Compass Minerals International, Inc. (NYSE NYSE See: New York Stock Exchange :CMP CMP (cytidine monophosphate): see cytosine. (1) (CMP Media LLC, Manhasset, NY, www.cmp.com) Part of United Business Media, CMP is a leading integrated media company that offers a wide variety of publications and services in the information ) has announced that the secondary offering of 7,241,082 shares of common stock has priced at $19.00 per share. The shares will be sold by selling stockholders of the company, which include Apollo Management LLP LLP - Lower Layer Protocol , IMC (Internet Mail Consortium, Santa Cruz, CA, www.imc.org) An industry trade association founded in 1996 by Paul Hoffman and Dave Crocker that promotes Internet e-mail standards and features. Global Inc. (NYSE:IGL IGL - Interactive Graphic Language. Used primarily by Physics Dept at Brooklyn Poly, uses numerical methods on vectors to approximate continuous function problems that don't have closed form solutions. ) and employees of the company and its subsidiaries. The company did not receive any of the proceeds from the sale of shares by the selling stockholders. Goldman, Sachs & Co. and 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. led the offering. CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. Corp, Deutsche Bank Securities, JP Morgan and UBS Investment Bank served as co-managers. A copy of the prospectus relating to this offering may be obtained from Goldman, Sachs & Co., 85 Broad Street, New York, New York 10004, (212-902-1171), Attn: Prospectus Department; or Credit Suisse First Boston LLC, One Madison Avenue, New York, New York 10010 (212-325-2580), Attn: Prospectus Department. A registration statement relating to these securities was filed with and declared effective by the Securities and Exchange Commission. The public offering is being made by means of a prospectus. These securities may not be sold nor may offers to buy be accepted prior to the time that the prospectus is delivered in final form. This press release shall not constitute an offer to sell or the solicitation of an offer to buy common stock of Compass, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of the securities under the securities laws of any such state or jurisdiction. About Compass Minerals International Based in the Kansas City metropolitan area, Compass is the second-leading salt producer in North America and the largest in the United Kingdom. The company operates nine production facilities, including the largest rock salt mine in the world in Goderich, Ontario. The company's product lines include salt for highway deicing De-icing is the process of removing ice from a surface. Anti-icing is the process of preventing ice from forming on a surface. Deicing can be accomplished by mechanical methods (scraping), through the application of heat, by use of chemicals designed to lower , consumer deicing, water conditioning, consumer and industrial food preparation, agriculture and industrial applications. In addition, Compass is North America's leading producer of sulfate of potash, which is used in the production of specialty fertilizers for high-value crops and turf. This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on the Company's current expectations and involve risks and uncertainties that could cause the Company's actual results to differ materially. The differences could be caused by a number of factors including those factors identified in Compass Minerals International's registration statement on form S-1 filed with the Securities and Exchange Commission on June 8, 2004. The Company will not update any forward-looking statements made in this press release to reflect future events or developments. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion