Newport Corporation Files Registration Statement for Public Offering
IRVINE, Calif.--(BUSINESS WIRE)--July 6, 2000--Newport Corporation (Nasdaq:NEWP) announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed offering of 3,100,000 shares of its common stock; 3,000,000 of the shares will be offered by Newport Corporation and 100,000 of the shares will be offered by existing stockholders of the Company.
The managing underwriters of the offering are Credit Suisse First Boston, UBS Warburg LLC and Wit SoundView. Newport Corporation has agreed to grant the underwriters a 30-day option to purchase up to 465,000 shares of common stock to cover over-allotments, if any.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. The securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This announcement is neither an offer to sell nor a 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 such state. The offer will be made only by means of a prospectus, written copies of which may be obtained, when available, by contacting Credit Suisse First Boston, Eleven Madison Avenue, New York, NY 10010-3629, (212) 325-2000. |
