BENCHMARK ELECTRONICS FILES OFFERING OF 1,300,000 SHARES
BENCHMARK ELECTRONICS FILES OFFERING OF 1,300,000 SHARES CLUTE, Texas, March 12 /PRNewswire/ -- Benchmark Electronics, Inc.
(AMEX: BHE) announced today the filing of a registration statement with the Securities and Exchange Commission (SEC) in connection with a public offering of 1,300,000 shares of its common stock. The offering consists of 650,000 primary shares and 650,000 shares offered by certain selling shareholders.
Subject to market conditions and SEC effectiveness, Benchmark Electronics, Inc. expects to complete the offering in mid-April. 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. The offering is being managed by Stephens Inc. and Wheat First Butcher & Singer Capital Markets. 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. A registration statement relating to 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 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 registration or qualification under the securities laws of any such state. -0- 3/12/92 /CONTACT: Donald E. Nigbor, president, or Cary T. Fu, executive vice president of finance and administration, of Benchmark Electronics, 409-265-0991/ (BHE) CO: Benchmark Electronics Inc. ST: Texas IN: CPR SU: OFR
TQ -- NY015 -- 7667 03/12/92 09:42 EST
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|Date:||Mar 12, 1992|
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