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ProQuest public offering to repay debt
- To: liblicense-l@lists.yale.edu
- Subject: ProQuest public offering to repay debt
- From: Ann Okerson <ann.okerson@yale.edu>
- Date: Sun, 28 Apr 2002 11:46:42 -0400 (EDT)
- Reply-To: liblicense-l@lists.yale.edu
- Sender: owner-liblicense-l@lists.yale.edu
Of possible interest to readers of this list. ____________________________________________________ http://www.proquestcompany.com/ ProQuest Announces Proposed Public Offering ANN ARBOR, Mich., April 17 /PRNewswire-FirstCall/ ProQuest Company (NYSE: PQE), announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed public offering of 5,100,000 shares of common stock. The total offering consists of 3,000,000 shares expected to be offered by ProQuest and 2,100,000 shares expected to be offered by selling shareholders. ProQuest intends to use the net proceeds from the offering to repay debt under its credit facility. The company and certain selling shareholders have granted to the underwriters of the public offering an option to purchase up to an additional 765,000 shares to cover over- allotments, if any. The company will not receive any proceeds from the sale of shares by the selling shareholders. The shares will be offered through underwriters led by Credit Suisse First Boston Corporation; Banc of America Securities LLC; Bear, Stearns & Co. Inc.; U.S. Bancorp Piper Jaffray Inc.; and Jefferies & Company, Inc. 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 nor the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. A copy of the prospectus relating to the offering may be obtained when available from Credit Suisse First Boston, Attn: Prospectus Department, 11 Madison Avenue, New York, NY 10010-3629, tel.: 212-325-2580. About ProQuest Company ProQuest Company (NYSE: PQE) is based in Ann Arbor, Mich., and is a leading provider of value-added information and content to the library and education, and automotive and powersports industries. We provide products and services to our customers through two business segments: Information & Learning and Business Solutions. Through our Information & Learning segment, which primarily serves the library and education markets, we aggregate and publish value-added content from a wide range of sources including newspapers, periodicals and books. Our Business Solutions segment, formerly known as Bell & Howell Publishing Services, is primarily engaged in the delivery in electronic form of comprehensive parts information to the automotive market. It also provides dealers in the powersports (motorcycle, marine, and RV) markets with management systems that enable them to manage their inventory, customer service and other aspects of their businesses. Additional information on ProQuest Company can be found at http://www.proquestcompany.com . SOURCE ProQuest Company Web site: http://www.proquestcompany.com CONTACT: Alan Aldworth, President and Chief Operating Officer, +1-734-997-4902, alan.aldworth@proquest.com , or Mark Trinske, Vice President, Investor Relations, +1-734-997-4910, mark.trinske@proquest.com , both of ProQuest Company
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