BENCHMARK ELECTRONICS 1,300,000 SHARES PRICED AT $14
BENCHMARK ELECTRONICS 1,300,000 SHARES PRICED AT $14 CLUTE, Texas, April 1 /PRNewswire/ -- Benchmark Electronics, Inc.
(AMEX: BHE) announced that on March 31, 1992, the Securities and Exchange Commission declared the company's registration statement on form S-1 effective in connection with a public offering of 1,300,000 shares of the company's common stock, $.10 par vale. The offering consists of 650,000 primary shares and 650,000 shares offered by certain selling shareholders.
The offering is underwritten by Stephens Inc. and Wheat First Butcher & Singer Capital Markets. The company and one of the selling shareholders have granted to the underwriters an overallotment option to purchase up to an additional 195,000 shares during the next 30 days. The company intends to use the net proceeds to establish or acquire an additional regional manufacturing facility in the United States and for working capital and general corporate purposes. Benchmark Electronics, Inc. provides contract manufacturing services to original equipment manufacturers (OEMs) in the electronics industry, including manufacturers of medical devices, communications equipment, industrial and business computers, testing instrumentation, and industrial instruments. Its principal executive offices are located at 802 West Brazos Park Drive, Clute, Texas 77531. -0- 4/1/92 /CONTACT: Donald E. Nigbor, president, or Cary T. Fu, vice president-finance and administration of Benchmark Electronics, 409-265-0991/ (BHE) CO: Benchmark Electronics Inc. ST: Texas IN: CPR SU: OFR
TQ -- NY024 -- 3804 04/01/92 10:08 EST
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|Date:||Apr 1, 1992|
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