Printer Friendly

GULFSTREAM AEROSPACE FILES 5 MILLION SHARE INITIAL PUBLIC OFFERING

 GULFSTREAM AEROSPACE FILES 5 MILLION SHARE INITIAL PUBLIC OFFERING
 SAVANNAH, Ga., Jan. 29 /PRNewswire/ -- Gulfstream Aerospace Corporation announced today that it has filed a registration statement with the Securities and Exchange Commission for the initial public offering of 5 million shares of common stock. All of the shares will be offered by the company.
 Gulfstream Aerospace currently has outstanding approximately 25.1 million shares of common stock, which are owned by a group of investors led by Forstmann Little & Co. and Allen E. Paulson, the company's chairman, and other members of management.
 The offering price is expected to be between $19 and $21 per share. Morgan Stanley & Co. Incorporated will lead manage the underwriting group.
 The net proceeds of the offering will be used to reduce bank borrowings.
 The Company is the designer, manufacturer and marketer of the Gulfstream IV, one of the world's most technologically advanced business jet aircraft.
 A Registration Statement relating to the common stock 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 press release 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 the registration or qualification under the securities laws of any such state.
 -0- 1/29/92
 /CONTACT: Tom Maletta of Gulfstream Aerospace, 912-964-3601; or Anna Cordasco or George Sard of Adams & Rinehart, 212-557-0100, for Gulfstream Aerospace/ CO: Gulfstream Aerospace Corporation ST: Georgia IN: AIR SU: OFR


TS -- NY012 -- 4571 01/29/92 09:01 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 29, 1992
Words:291
Previous Article:GOVERNMENT CONTRACT AWARDED FOR APPLICATION OF MEDISPERSE TECHNOLOGY TO FORMULATE CANCER AND AIDS DRUGS
Next Article:LOGICON REPORTS THIRD QUARTER, NINE MONTH RESULTS
Topics:


Related Articles
WILLIAM LOWE TO BECOME CEO OF GULFSTREAM AEROSPACE ON JUNE 1 ALLEN PAULSON TO CONTINUE AS CHAIRMAN
GULFSTREAM AEROSPACE WITHDRAWS INITIAL PUBLIC OFFERING
ROY H. NORRIS NAMED CORPORATE VICE PRESIDENT-MARKETING/SALES BY GULFSTREAM AEROSPACE CORPORATION
THEODORE FORSTMANN NAMED CHAIRMAN OF GULFSTREAM AEROSPACE; ROGER PENSKE AND PAUL STERN JOIN EXECUTIVE COMMITTEE OF GULFSTREAM BOARD
GULFSTREAM AEROSPACE CORPORATION HIRES SENIOR MANAGER
ENHANCED GROUND PROXIMITY WARNING SYSTEM TO BE STANDARD ON GULFSTREAM V
GULFSTREAM V TRAINING AGREEMENT SIGNED
GULFSTREAM AND FLIGHTSAFETY INTERNATIONAL SIGN GULFSTREAM V TRAINING AGREEMENT
Gulfstream V Receives FAA Certification
CBOE Lists Options on Gulfstream Aerospace Corp. on Friday, Jan. 17

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters