My mistake 130,000,000 shares total =2,665,000,000 maarket cap.
The Company is currently a subsidiary of I ngram Industries Inc. ("Ingram
Industries"). Immediately prior to the closing of this offering, Ingram
Industries will consummate the Split-Off (as defined herein), and all
information in this Prospectus assumes the occurrence of the Split-Off at such
time. See "The Company" and "The Split-Off and the Reorganization." The
consummation of the Split-Off is a non-waiveable condition to the closing of
this offering.
3
THE OFFERING
Common Stock offered(1):
U.S. Offering................................... 16,000,000 Shares
International Offering.......................... 4,000,000 Shares
Company Offering(2)............................. 200,000 Shares
Total......................................... 20,200,000 Shares
Common Equity to be outstanding after this
offering(1)(3):
Common Stock.................................... 20,200,000 Shares
Class B Common Stock(4)......................... 109,813,762 Shares
Total......................................... 130,013,762 Shares
Voting rights:
Common Stock.................................... One vote per share
Class B Common Stock............................ Ten votes per share
Use of proceeds................................... To repay certain outstanding indebtedness. See
"Use of Proceeds."
NYSE Symbol....................................... IM
SUMMARY CONSOLIDATED FINANCIAL DATA
(IN MILLIONS, EXCEPT PER SHARE DATA)
THIRTY-NINE WEEKS ENDED
FISCAL YEAR -----------------------------
---------------------------------------------------- SEPTEMBER 30, SEPTEMBER 28,
1991 1992 1993 1994 1995 1995 1996
-------- -------- -------- -------- -------- ------------- -------------
INCOME STATEMENT DATA:
Net sales....................... $2,016.6 $2,731.3 $4,044.2 $5,830.2 $8,616.9 $ 6,070.7 $ 8,474.7
Gross profit.................... 185.4 227.6 329.6 439.0 605.7 422.5 574.5
Income from operations.......... 67.6 68.9 103.0 140.3 186.9 123.9 175.9(5)
Net income(6)................... 30.2 31.0 50.4 63.3 84.3 56.3 77.6(5)
Earnings per share.............. 0.25 0.26 0.41 0.52 0.69 0.46 0.64(5)
Weighted average common shares
outstanding(7)................ 121.4 121.4 121.4 121.4 121.4 121.4 121.7
SEPTEMBER 28, 1996
-------------------------------------------
AS AS FURTHER
ACTUAL ADJUSTED(8) ADJUSTED(8)(9)
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