CompuCom Systems, Inc. Announces Common Stock Offering.DALLAS--(BUSINESS WIRE)--Oct. 26, 1995--CompuCom Systems, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CMPC CMPC Classified Matter Protection and Control CMPC Compañia Manufacturera de Papeles y Cartones S.A. CMPC Cisco Multi-Path Channel CMPC Children's Media Policy Coalition CMPC Central Milk Producers Cooperative CMPC Connecticut Minority Purchasing Council ) announced today the underwritten public offering of 4,200,000 shares of its Common Stock at a public offering price of $6.00 per share. All of the shares of Common Stock being offered are being sold by certain selling stockholders of CompuCom whose stock was acquired upon conversion by them of the Company's 9% Convertible Subordinated Notes. "The benefits of this transaction for CompuCom are significant," said Ed Anderson, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We have reduced our debt and increased our shareholders' equity by $18.5 million, improved cash flow by eliminating the interest cost on the debt, improved the liquidity of our stock and greatly increased our institutional ownership." The Robinson-Humphrey Company, Inc. and Hambrecht & Quist LLC are managing the offering. CompuCom, headquartered in Dallas, is a leading PC services integration company, providing end-to-end network integration services to large corporate customers. -0- A copy of the prospectus relating to these securities may be obtained from The Robinson-Humphrey Company, Inc., 3333 Peachtree Road, N.E., Atlanta, Georgia and Hambrecht & Quist LLC, One Bush Street, San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] . CONTACT: CompuCom Systems, Inc., Dallas Edward R. Anderson, President & CEO or Robert J. Boutin, CFO See Chief Financial Officer. , 214/265-3600 |
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