Converse files registration statement for sale of common stock.NORTH READING, Mass.--(BUSINESS WIRE)--March 24, 1997-- Converse Inc. (NYSE NYSE See: New York Stock Exchange : CVE (Common Vulnerabilities and Exposures) A list of information security exposures and vulnerabilities sponsored by US-CERT and maintained by the MITRE Corporation. ) today announced that it has filed a registration statement with the Securities and Exchange Commission for the public offering of 4,500,000 shares of its common stock. The 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 sale of the shares, all of which are being offered by the Company, will be applied to the repayment of debt. The managing underwriters 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., Dillon, Read & Co., Inc. and Donaldson, Lufkin & Jenrette Securities Corporation. Converse is a leading global designer, manufacturer and marketer of high quality athletic footwear for men, women and children. The Company is also a global licensor of sports apparel, accessories and selected footwear. The Company's products are distributed in over 90 countries to approximately 9,000 customers which include specialty athletic, sporting goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport , department and shoe stores. 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 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. CONTACT: Investor: Donald J. Camacho Chief Financial Officer 508/664-1100 Christine DiSanto/Jim Cappuccio Morgen-Walke Associates 212/850-5600 or Media Jennifer Murray V.P. Marketing Communications 508/664-1100 Stacy Berns/Michael McMullan Morgen-Walke Associates 212/850-5600 |
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