DeCrane Aircraft Holdings Inc. announces initial public offering.EL SEGUNDO El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , Calif.--(BUSINESS WIRE)--April 16, 1997--DeCrane Aircraft Holdings 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 :DAHX) Wednesday announced an initial public offering of 2,797,423 shares of its common stock at $12 per share. Of the 2,797,423 shares being offered, 2.7 million shares are being offered by the company and 97,423 shares are being offered by a selling stockholder. An additional 419,613 shares may be sold by the company and certain stockholders to the managing underwriters, Schroder Wertheim & Co. Inc. and Dillon Read & Co. Inc. to cover any over-allotments. A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the offering was declared effective by the Securities and Exchange Commission Wednesday. DeCrane Aircraft Holdings is a manufacturer of avionics components and a provider of avionics systems integration services in certain niche markets of the commercial aircraft industry. The products and services offered by the company are utilized primarily in commercial aircraft to connect, support and/or integrate various avionics systems, including cabin management, in-flight entertainment In-flight entertainment (IFE) refers to the entertainment available to aircraft passengers during a flight. After World War II commercial aviation flights became a daily event in which entertainment was requested by passengers to help the time pass. and passenger telecommunications systems and navigation and safety systems. DeCrane's targeted markets consist of commercial aircraft and avionics original equipment manufacturers, the commercial aircraft retrofit market and the commercial aircraft aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. . CONTACT: Decrane Aircraft Holdings Inc., El Segundo Robert A. Rankin, 310/725-9123 or Financial Relations Board 310/442-0599 Karen Taylor Karen Taylor is an English comedienne from Barrow-in-Furness, Cumbria. She is a former finalist in the prestigious Daily Telegraph Open Mic Award[1] and has fronted her own sketch show on BBC Three, entitled Touch Me, I'm Karen Taylor. (general information) Ed Tretter (investor/analyst contact) |
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