Printer Friendly

WESCO AUTO PARTS CORPORATION ANNOUNCES TWO REGISTRATION STATEMENTS COVERING 'SHELF REGISTRATIONS' ARE NOW DECLARED EFFECTIVE

 WEST COVINA, Calif., Dec. 24 /PRNewswire/ -- Wesco Auto Parts Corporation (NASDAQ: WSCO) today announced that two registration statements covering "Shelf Registrations" of its securities have been declared effective by the Securities and Exchange Commission.
 One of these registration statements covers (a) 100,000 shares of common stock issuable by Wesco upon exercise of outstanding warrants at an exercise price of $2.50 per share and (b) 5,230,737 shares of common stock which may be offered from time to time by selling shareholders. The offering by selling shareholders is not underwritten, and Wesco will not receive any proceeds from the sale of such shares should any shares be sold by the selling shareholders. The other registration statement covers 2,996,874 shares of common stock issuable by Wesco upon exercise of its outstanding Class A and Class C warrants, at an exercise price of $2.50 per share, and its Class B and Class D warrants, at an exercise price of $3.50 per share.
 Each of the foregoing offerings will be made only by means of a prospectus, a copy of which may be obtained from Wesco. 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 to the registration or qualification under the securities laws of any such state.
 Wesco operates seven superstores, with an eighth store scheduled in February, in Southern California which sell automotive after-market parts, products and accessories to both do-it-yourself and commercial customers.
 -0- 12/24/92
 /CONTACT: Jeff Silver of Wesco Auto Parts Corporation, 818-814-1541, or Howard Bronson of Howard Bronson & Company, 212-867-6160, for Wesco Auto Parts Corporation/
 (WSCO)


CO: Wesco Auto Parts Corporation ST: California IN: AUT SU:

TS-WB -- NY013 -- 9857 12/24/92 13:44 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:Dec 24, 1992
Words:317
Previous Article:BROKERED CERTIFICATE OF DEPOSIT RATES SHOWED MIXED RESULTS IN LATEST PERIOD, SIA REPORTS
Next Article:LATSHAW ENTERPRISES ANNOUNCES PURCHASE OF COMMON STOCK
Topics:


Related Articles
WESCO AUTO PARTS FILES REGISTRATION WITH SEC FOR OFFERING
FIRST AMERICAN FILES $100 MILLION SUBORDINATED DEBT REGISTRATION STATEMENT
IDAN SOFTWARE INDUSTRIES-I.S.I. SHELF REGISTRATION DECLARED EFFECTIVE
IDEX Corporation Files Shelf Registration for $250 Million in Securities
WESCO International, Inc. Files Shelf Registration Statement.
CSK Auto Corporation Announces Effectiveness of Registration Statement Filed on Behalf of Certain Stockholders.
Edge Petroleum Announces Filing of a Shelf Registration Statement.
WESCO International, Inc. Announces Common Stock Public Offering.
WESCO International, Inc. Announces Effectiveness of Resale Shelf Registration Statement.
WESCO International, Inc. Announces Effectiveness of Resale Shelf Registration Statement.

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