Printer Friendly

UCC INVESTORS WITHDRAWS INITIAL PUBLIC OFFERING

 UCC INVESTORS WITHDRAWS INITIAL PUBLIC OFFERING
 MIDDLEBURY, Ct., April 3 /PRNewswire/ -- UCC Investors Holding,


Inc., the parent company of Uniroyal Chemical Company, Inc., announced today that, due to current market conditions, the company determined to withdraw its initial public offering of common stock and its public offering of senior notes.
 The company stated that its board of directors has determined that, based on current market conditions, the prices obtainable in a public offering do not adequately reflect the true value of the company. The company believes that a public offering at this time is not in the best interests of the company or its stockholders and stockholders' interests will be better served by the company remaining a private company.
 UCC Investors Holding, Inc., through its wholly owned subsidiary, Uniroyal Chemical Company, is a specialty chemical company whose principal business lines include specialty rubber chemicals, specialty chemical additives, elastomers, crop protection chemicals and urethane pre-polymers.
 -0- 4/3/92
 /CONTACT: Robert Petrausch of UCC Investors Holding, Inc., 203-573-2000/ CO: UCC Investors Holding, Inc. ST: Connecticut IN: CHM SU:


SB -- DC003 -- 4737 04/03/92 09:25 EST
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:Apr 3, 1992
Words:186
Previous Article:LIMERICK SIREN TEST SCHEDULED FOR MONDAY, APRIL 6
Next Article:LATSHAW ENTERPRISES REPORTS RESULTS


Related Articles
UCC INVESTORS ANNOUNCES IT INTENDS TO FILE NEXT WEEK AN INITIAL PUBLIC OFFERING OF STOCK AND DEBT OF $700 MILLION
UCC INVESTORS ANNOUNCES FILING OF AN INITIAL PUBLIC OFFERING OF STOCK AND DEBT OF $700 MILLION
UCC INVESTORS ANNOUNCES POSTPONEMENT OF ITS ANNUAL MEETING OF STOCKHOLDERS
UCC INVESTORS ANNOUNCES RESCHEDULING OF ITS ANNUAL MEETING OF STOCKHOLDERS TO MARCH 5
UCC INVESTORS ANNOUNCES STOCKHOLDER APPROVAL OF INITIAL PUBLIC OFFERING
UCC INVESTORS $750 MILLION DEBT OFFERING BECOMES EFFECTIVE
UCC INVESTORS CONSUMMATES $750 MILLION DEBT REFINANCING
United Church of Christ Urges States to Act in WorldCom Matter.
Major Church Group Urges 50 State Utility Commissions to Take Action Against WorldCom, Prevent Future Misdeeds.
Character counts. (Who knew?) (Best Practices).

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters