Gardner Denver Files Shelf Registration Statement
Gardner Denver, Inc. announced that on September 24 it filed with the Securities and Exchange Commission ("SEC") a shelf registration statement that would allow the Company to issue up to $150 million of its securities.
Once the registration statement becomes effective, the Company may complete one or more offerings of its common stock, preferred stock, debt securities or warrants. The Company intends to use the net proceeds from any offering for acquisitions, capital expenditures, repayment of borrowings, working capital and other general corporate purposes.
The registration statement relating to these securities has been filed with the SEC, but has not yet been declared effective. Such securities may not be sold nor may offers to buy be accepted prior to the time the registration statement is declared effective. An offering of these securities would be made only through the prospectus that is part of the shelf registration statement filed with the SEC today and any applicable prospectus supplements or amendments issued at the time of the offering.
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.
Gardner Denver, with 2002 revenues of $418 million, is a leading manufacturer of reciprocating, rotary and vane compressors and blowers for various industrial applications and pumps used in the petroleum and industrial markets.
Source: Gardner Denver, Inc.