Aeroflex Incorporated Files Registration Statement Covering 2,500,000
Shares of Common Stock
PLAINVIEW, N.Y.--(BUSINESS WIRE)--February 23, 1998--Michael Gorin, President of Aeroflex Incorporated
(NYSE Symbol: ARX - news), today announced the filing of a registration statement with the Securities and
Exchange Commission covering 2,500,000 shares of the Company's Common Stock. Of the total offering, 2,250,000
shares of Common Stock are being offered by the Company, with the balance being offered by certain selling
stockholders. The proceeds to be received by the Company from the offering will be used to repay approximately
$10 million in bank indebtedness and the balance will be used for working capital and general corporate purposes,
including facilities expansion and potential acquisitions. A registration statement was previously filed in
November, 1997 and withdrawn in December, 1997, offering 3,000,000 shares of Common Stock with 2,500,000
shares offered by the Company and the balance offered by certain selling stockholders.
The underwriting is to be managed by CIBC Oppenheimer Corp., A.G. Edwards & Sons, Inc., SoundView Financial
Group, Inc. and Ladenburg Thalmann & Co. Inc. The underwriters have an over-allotment to purchase up to an
additional 375,000 shares of Common Stock from the Company and certain of the selling stockholders.
Aeroflex Incorporated, through its subsidiaries, utilizes advanced technologies to provide state-of-the-art
microelectronic module, interconnect and testing solutions used in communication applications for commercial
and defense markets. It also designs and manufactures motion control systems and shock and vibration isolation
systems used for commercial, industrial and defense applications.
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. |
