(BSNS WIRE) MRV Announces Filing of Registration Statement for Initial Publ
MRV Announces Filing of Registration Statement for Initial Public Offering of
Luminent Inc.
Business Editors
CHATSWORTH, Calif.--(BUSINESS WIRE)--July 26, 2000--MRV
Communications Inc. (Nasdaq:MRVC) today announced that a registration
statement has been filed with the Securities and Exchange Commission
(SEC) for the initial public offering of the common stock of its
wholly owned subsidiary, Luminent Inc.
Credit Suisse First Boston will lead manage the underwriting
group, with CIBC World Markets, Robertson Stephens, U.S. Bancorp Piper
Jaffray and First Security Van Kasper serving as the co-managers.
Preliminary prospectuses are not currently available. When
available, prospectuses may be obtained by writing to or calling
Credit Suisse First Boston, 11 Madison Ave., New York, N.Y.
10010-3629, 212/325-2000.
MRV currently plans, within six to 12 months after the offering,
to distribute all of the shares of Luminent common stock owned by MRV
to the holders of MRV's common stock, subject to certain conditions,
including its receipt of a favorable tax ruling and board approval as
well as market conditions.
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.
About Luminent
Luminent designs, manufactures and sells a comprehensive line of
fiber-optic components that enable communications equipment
manufacturers to provide optical networking solutions for the rapidly
growing metropolitan and access segments of communications networks.
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CONTACT: MRV Communications Inc., Chatsworth
Investor Relations, 818/886-6782
KEYWORD: CALIFORNIA NEW YORK
INDUSTRY KEYWORD: TELECOMMUNICATIONS HARDWARE IPO
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