I've heard Fisher -FSH-mentioned several times recently as a safe way to play the Bio-industry (the supplies). This recent burst of activity could be just what the doctor ordered for the supplies industry. FSH and AOT stock have responded well. No hurry here as the trickle down effect takes time to show up in the bottom line. Fisher still has an investment group who are still looking to unload a large block of it's stock. They have been working it off however. AOT-has completed it's buy back, and IMO not looking to take on new debt. A lowball here is slim, but IMO not out of the question. SPX is the one that fits. Definitely a problem with current supply agreements with FSH should anything develop (counter offer) .
kendro.com
SPX Corporation Prices $300 Million of 8-Year Notes
PR Newswire ~ June 5, 2003 ~ 7:00 pm EST
CHARLOTTE, N.C., June 5 /PRNewswire-FirstCall/ -- SPX Corporation (NYSE: SPW) today announced that it has priced an offering of $300 million of 6.25% senior unsecured notes due 2011 under its existing base shelf prospectus. The size of the offering was increased to $300 million from the $200 million originally announced. SPX intends to use the net proceeds from the offering for general corporate purposes, including primarily the repayment of debt.
The transaction is being managed by a group led by J.P. Morgan Securities Inc. and is expected to settle on or before Monday, June 16, 2003. The final prospectus relating to this offering, as well as SPX's Internet home page, contains updated financial and other information regarding SPX. A copy of the final written prospectus relating to this offering may be obtained from J.P. Morgan Securities Inc. at 34 Exchange Place, Plaza 2, 4th Floor, Jersey City, New Jersey 07311, Attention: Prospectus Department, Facsimile: (201) 524-8072. These documents will be filed with the Securities and Exchange Commission no later then Monday, June 9, 2003 and also will be available over the Internet from the SEC's website at www.sec.gov.
SPX Corporation is a global provider of technical products and systems, industrial products and services, flow technology and service solutions. The Internet address for SPX Corporation's home page is www.spx.com.
Certain statements in this press release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please refer to the company's public filings for discussion of certain important factors that relate to forward-looking statements contained in this press release. The words " believe," "expect," "anticipate," "estimate," "guidance," "target" and similar expressions identify forward-looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.
/CONTACT: Tina L. Betlejewski of SPX Corporation, +1-704-752-4454, investor@ spx.com /
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