Creo Announces Close of Initial Public Offering.VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 5, 1999-- Creo Products Inc. (Nasdaq:CREO)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CEC (Central Electronic Complex) The set of hardware that defines a mainframe, which includes the CPU(s), memory, channels, controllers and power supplies included in the box. Some CECs, such as IBM's Multiprise 2000 and 3000, include data storage devices as well. ) is pleased to announce the closing of its initial public offering of 4 million common shares at a price of US$15.00 per share, for gross proceeds -- after underwriters' commissions -- of approximately US$56 million. The proceeds of the offering will be added to the company's general working capital. Salomon 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. acted as lead manager and Merrill Lynch & Co. and RBC Dominion Securities
Creo is a leading developer, manufacturer and distributor of comprehensive "computer-to-plate" digital solutions that automate the prepress phase of commercial printing, in which master printing plates are created prior to actual printing. Creo's computer-to-plate technology transfers digitized text, graphic images and line artwork from desktop publishing computer systems directly onto printing plates, eliminating labor-intensive, complex and costly preparatory steps required by the conventional prepress process. Creo offers a comprehensive line of precision imaging equipment, including scanners, proofing devices, and output devices, as well as workflow management software. This release contains forward-looking statements reflecting the current expectations of Creo Products Inc. as contemplated under the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the US Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Law of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties. |
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