Elsag Bailey Process Automation N.V. announces that Merrill Lynch plans to sell 2,000,000 shares.AMSTERDAM, the Netherlands--(BUSINESS WIRE)--March 22, 1995--Elsag Bailey Process Automation N.V. (NYSE NYSE See: New York Stock Exchange : EBY EBY Ente Binacional Yaciretá (Argentina-Paraguay) ) today announced that Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. Capital Markets plc plans to sell 2,000,000 shares (plus an over-allotment option of an additional 200,000 shares) of the Company's common stock pursuant to a registration statement filed this morning with the Securities and Exchange Commission (``SEC''). In December of 1994, Merrill Lynch Capital Markets plc purchased such 2,000,000 shares from Finmeccanica SpA, the Company's majority shareholder. 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 SEC 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 announcement 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. Elsag Bailey Process Automation N.V., incorporated in the Netherlands, is a global supplier of process automation systems, field instrumentation products, and related services. The Company's INFI INFI Infinity Pharmaceuticals, Inc. 90 OPEN(TM) distributed systems, instrumentation products and other technologies are installed throughout a wide range of process industries including electric utilities, oil and gas, pulp and paper, chemicals and pharmaceuticals, water and wastewater, metals and ceramics, food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. , and others. Operating units are located in 20 countries. CONTACT: Elsag Bailey William P. Donnelly, 216/585-8700 |
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