Cross Country Healthcare Announces Secondary Offering of Common Stock.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla. -- Cross Country Healthcare, Inc. (Nasdaq:CCRN CCRN Critical Care Registered Nurse CCRN Certification In Critical Care Nursing ) today announced a public offering of approximately 4.0 million shares of common stock pursuant to its currently effective shelf registration statement. All of the approximately 4.0 million shares are being offered by Charterhouse Charterhouse [Fr.,=Chartreuse], in London, England, once a Carthusian monastery (founded 1371), later a hospital for old men and then a school for boys, endowed in 1611. The school, which became a large public school, was removed (1872) to Godalming, Surrey. W. M. Equity Partners III, L.P. and CHEF Nominees Limited, an original investor along with Charterhouse. Charterhouse Equity Partners III, L.P. is selling 3,997,502 of the 4.0 million shares being sold. The selling shareholders have granted the underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite) UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. an option to purchase an additional 600,000 shares of common stock at the public offering price to cover over-allotments, if any. Neither the Company nor management registered any shares of common stock pursuant to this registration statement, consequently neither the Company nor management will receive any proceeds from the sale of shares by the selling shareholders. Citigroup Global Markets Inc. is the sole book-running manager for the offering. When available, full details of the offering, including a description of and certain risk factors relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the offering, will be contained in a prospectus supplement and prospectus, which may be obtained from Citigroup Global Markets Inc., 140 58th Street, Brooklyn, NY 11220. This press release shall not constitute an offer to sell nor shall there be any sale of these securities in any state in which such offer, solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The common stock offering may be made only by means of a prospectus and related prospectus supplement, copies of which may be obtained by contacting Citigroup Global Markets Inc. as indicated in this news release. Cross Country Healthcare, Inc. is a leading provider of healthcare staffing services in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Company has a national client base of approximately 3,000 hospitals, pharmaceutical companies and other healthcare providers. Copies of this and other news releases as well as additional information about Cross Country Healthcare can be obtained online at www.crosscountryhealthcare.com. Shareholders and prospective investors can also register at the corporate website to automatically receive the Company's press releases, SEC filings and other notices by e-mail. |
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