PRA International Announces Secondary Offering of Common Stock
PR Newswire - May 17, 2005 09:09
RESTON, Va., May 17, 2005 /PRNewswire-FirstCall via COMTEX/ -- PRA International (Nasdaq: PRAI), a leading global clinical research organization, announced today a proposed public offering of 6,000,000 shares of its common stock, par value $0.01 per share, all of which will be sold by certain stockholders of PRA. The selling stockholders have granted the underwriters the right to purchase up to an additional 900,000 shares at the public offering price. The Company has filed a registration statement with the Securities and Exchange Commission related to the offering. The timing and the size of the offering will depend on market conditions and other factors.
The offering will be made through an underwriting syndicate led by Credit Suisse First Boston LLC and Bear, Stearns & Co. Inc.
A copy of the prospectus relating to these securities may be obtained, when available, from: Credit Suisse First Boston LLC, c/o Prospectus Department, One Madison Avenue, New York, NY 10010 (tel. 212-325-2580) or Bear, Stearns & Co. Inc., c/o Prospectus Department, 383 Madison Avenue, New York, NY 10179 (tel. 631-274-8321).
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 press 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 PRA International
PRA International is one of the world's leading clinical development organizations, with approximately 2,500 employees working from offices in North America, Europe, South America, Africa, Australia and Asia. PRA International delivers services to its clients through a unique approach called Project Assurance(SM), which represents the Company's commitment to reliable service delivery, program-level therapeutic expertise, global access to knowledge, and involved senior management. To learn more about PRA International, please visit prainternational.com or call our World Headquarters at +1-703-464-6300.
CONTACT: Brian Roberts of PRA International, +1-703-464-6323.
SOURCE PRA International |
