PBSC - Packard BioScience Message Board

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Biotech / Medical : PBSC - Packard BioScience

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To: scaram(o)uche who started this subject	3/30/2001 6:32:26 AM
From: nigel bates	Read Replies (1) of 19

MERIDEN, Conn., March 29 /PRNewswire/ -- Packard BioScience Company (Nasdaq: PBSC - news) today announced that an offering of 10 million shares of the Company's common stock by selling stockholders and the Company is being postponed due to current market conditions. The Company, however, has filed an amended registration statement with the Securities and Exchange Commission relating to the offering in response to previously received SEC comments. The Company also announced that the selling stockholders and the Company will continue to monitor market conditions to determine the appropriate time for proceeding with the offering, subject to completion of SEC review and effectiveness of the registration statement. The Company had filed a registration statement on February 9, 2001 relating to the sale of 7 million shares by selling stockholders -- including approximately 4.5 million shares by GSI Lumonics, Inc., which GSI had received in connection with the October 2000 acquisition by the Company of GSI's life sciences division -- and 3 million shares by the Company....

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