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Biotech / Medical : Trickle Portfolio

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To: tuck who started this subject	3/17/2001 3:03:03 PM
From: nigel bates	Read Replies (1) of 1784

BEDFORD, Mass.--(BUSINESS WIRE)--March 16, 2001--Millipore Corporation (NYSE:MIL - news) and Millipore MicroElectronics, Inc. (MMI) today announced the filing with the Securities and Exchange Commission of a registration statement for a proposed initial public offering of shares of MMI common stock. As previously announced, Millipore intends to split into two independent companies, one focusing on the bioscience market and the other focusing on the microelectronics market. All of the shares will be offered by MMI, which is currently 100 percent owned by Millipore. The timing of the offering is subject to a number of conditions, including a favorable ruling from the IRS regarding the tax-free nature of the transaction, the effectiveness of the Registration Statement for MMI stock under applicable security laws, and overall market conditions. Proceeds from the offering will be used to repay amounts owed to Millipore and for general corporate purposes. The offering will be led by Banc of America Securities LLC and Salomon Smith Barney Inc. with ABN AMRO Rothschild LLC co-managing the offering....

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