STANDARD PRODUCTS ANNOUNCES
STANDARD PRODUCTS ANNOUNCES CLEVELAND, March 13 /PRNewswire/ -- The Standard Products Co.
(NYSE: SPD) announced today that it has filed a registration statement with the Securities and Exchange Commission to issue 1.6 million of the company's shares. The company also proposes to grant to the underwriters a 30-day over-allotment option to purchase an additional 240,000 shares.
Bear, Stearns & Co. Inc. will manage the offering for the underwriters. 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 news 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- 3/13/92 /CONTACT: Aubrey Arndt of The Standard Products Co., 216-281-8300; or William L. Dupuy of Edward Howard & Co., 216-781-2400, for The Standard Products Co./ (SPD) CO: The STandard Products Co. ST: Ohio IN: AUT SU:
CG -- CL015 -- 7892 03/13/92 15:12 EST
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|Date:||Mar 13, 1992|
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