Printer Friendly

INTERMET ANNOUNCES COMMENCEMENT OF PUBLIC OFFERING OF 4,265,000 SHARES OF COMMON STOCK

 INTERMET ANNOUNCES COMMENCEMENT OF PUBLIC OFFERING
 OF 4,265,000 SHARES OF COMMON STOCK
 ATLANTA, July 1 /PRNewswire/ -- Intermet Corporation (NASDAQ-NMS: INMT) today commenced the public offering of 4,265,000 shares of its Common Stock, of which 3 million shares are being offered by the company and 1,265,000 shares are being offered by The Prudential Insurance company of America, at an offering price of $9.25 per share. The company has also granted the underwriters an option to purchase up to 639,750 additional shares to cover over-allotments, if any.
 The net proceeds of the offering, approximately $25.9 million, will be used by the company to expand and enhance its foundries and for general corporate purposes.
 Atlanta-based Intermet Corporation and its subsidiaries manufacture precision iron parts for automotive and industrial customers primarily in North America and Europe.
 Donaldson, Lufkin and Jenrette Securities Corporation, Interstate/Johnson Lane Corporation and The Robinson-Humphrey Company, Inc. will manage the underwriting syndicate.
 Copies of the Prospectus may be obtained from Donaldson, Lufkin & Jenrette Securities Corporation, 140 Broadway, New York, N.Y. 10005, Attention: Syndicate Department; 212-504-3000; Interstate/Johnson Lane Corporation, Resurgens Plaza, 945 East Paces Ferry Road, Atlanta, Ga. 30326, Attention: Syndicate Department, 404-240-5000; and The Robinson- Humphrey Company, Inc., 3333 Peachtree Road, N.E., Atlanta, Ga. 30336, Attention: Syndicate Department, 404-266-6450.
 -0- 7/1/92 R
 /CONTACT: John D. Ernst, chief financial officer of Intermet Corporation, 404-431-6000; or Desmond Towey or Bernadette McLaughlin of Desmond Towey & Associates, 212-888-7600, for Intermet Corporation; or Ken Paneral, CFA, 708-729-8521, for Intermet Corporation/
 (INMT) CO: Intermet Corporation ST: Georgia IN: SU: OFR


JB-AW -- NY040R -- 5748 07/01/92 13:09 EDT
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:Jul 1, 1992
Words:277
Previous Article:USAIR ENHANCES SACRAMENTO SERVICE
Next Article:LG&E POWER SYSTEMS CLOSES FINANCING FOR A $123 MILLION NEW YORK COGENERATION PROJECT
Topics:


Related Articles
INTERMET ANNOUNCES FILING OF REGISTRATION STATEMENT RELATING TO THE PUBLIC OFFERING OF 4,265,000 SHARES OF COMMON STOCK
INTERMET ANNOUNCES COMMENCEMENT OF PUBLIC OFFERING OF 4,265,000 SHARES OF COMMON STOCK
INTERMET CORPORATION ADOPTS SHAREHOLDER PROTECTION RIGHTS PLAN
Intermet Reports Record Sales and Earnings for Third Quarter
Mills Named Director of Corporate Affairs at Intermet.
Ryninger Promoted to Corporate Controller at Intermet.
Intermet Reports Record First Quarter.
Intermet Reports Record Second Quarter and Six Months.
Intermet Reports Record Third Quarter Sales.
Intermet Completes Acquisition of Ganton Technologies And Diversified Diemakers.

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