Cooper Industries files shelf registration.HOUSTON--(BUSINESS WIRE)--May 23, 1996--Cooper Industries, Inc. (NYSE NYSE See: New York Stock Exchange :CBE CBE Commander of the Order of the British Empire (a Brit. title) CBE n abbr (= Companion of (the Order of) the British Empire) → título de nobleza CBE n abbr (= ) announced that a shelf registration has been filed with the Securities and Exchange Commission to facilitate the sale of Cooper's holdings of Cooper Cameron Corporation (NYSE:RON) stock. Cooper owns 3,625,000 shares, or 14.4 percent of Cooper Cameron's outstanding shares, which Cooper retained after its mid-year 1995 Cooper Cameron Exchange Offer. "Selling our holdings of Cooper Cameron stock will improve our financial flexibility," said H. John Riley
Riley was born and grew up in Leeds. , Jr., Cooper's Chairman, President and Chief Executive Officer. "The proceeds from the sale of these shares will be used to reduce debt and to continue to grow our business through complementary acquisitions." The filing of the shelf registration does not obligate obligate /ob·li·gate/ (ob´li-gat) pertaining to or characterized by the ability to survive only in a particular environment or to assume only a particular role, as an obligate anaerobe. Cooper to sell shares immediately, but gives the Company the opportunity to sell them over time. Under the terms and conditions related to the Exchange Offer's tax-free status, Cooper must sell its Cooper Cameron shares by June 30, 2000. Cooper Industries Cooper Industries NYSE: CBE is one of the oldest large companies in the United States, having been founded in 1833 as a partnership in Mount Vernon, Ohio. Incorporated in Ohio as The C. & G. , with 1995 revenues of $4.9 billion, is a diversified, worldwide manufacturer of electrical products, tools and hardware, and automotive products. 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 communication 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. A written prospectus may be obtained from: Cooper Cameron Corporation, 515 Post Oak Boulevard, Suite 1200, Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the , 77027. CONTACT: Cooper Industries Sharon Newquist, 713/739-5578 |
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