CIRCON FILES FOR PUBLIC STOCK OFFERING
CIRCON FILES FOR PUBLIC STOCK OFFERING SANTA BARBARA, Calif., Nov. 13 /PRNewswire/ -- Circon Corporation
(NASDAQ: CCON) announced today that it has filed a registration statement with the Securities and Exchange Commission for the public offering of 1,000,000 shares of common stock.
The proceeds of the offering will be used primarily to retire outstanding debt of $1,500,000, for general corporate purposes and potentially to acquire businesses or products complementary to its business. The offering will be managed by Lehman Brothers and Needham & Company, Inc. as representatives of the underwriters. Circon designs, manufactures and markets endoscope and electrosurgery systems for diagnosis and minimally invasive surgery. A registration statement relating to these securities 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 to registration or qualification under the securities laws of any such state. A copy of the offering prospectus may be obtained from the Prospectus Department of Lehman Brothers, 250 West St., New York, N.Y. 10013. -0- 11/13/91 /CONTACT: R. Bruce Thompson, chief financial officer of Circon, 805-967-0404/ (CCON) CO: Circon Corporation ST: California IN: HEA SU: OFR JT-KW -- NY025 -- 3850 11/13/91 10:29 EST
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|Date:||Nov 13, 1991|
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