Roper Industries Announces Intention to Commence Public Offering of Common Stock

30.11.2004

Roper Industries, Inc. announced that it intends shortly to commence a public offering of 4.1 million shares of its common stock, plus up to an additional 0.6 million shares to cover over-allotments.

The net proceeds of the common stock offering, together with an amended and restated senior secured bank facility, will be used to fund Roper’s pending acquisition of TransCore Holdings, Inc. and to repay its existing credit facilities.

The shares of Roper common stock to be sold in the offering will be offered pursuant to a preliminary prospectus supplement and the accompanying shelf registration statement previously filed with the Securities and Exchange Commission. Roper has appointed Merrill Lynch & Co. as the book-running manager, JPMorgan and Wachovia Securities as the joint lead managers, and Robert W. Baird & Co., Friedman Billings & Ramsey and KeyBanc Capital Markets as co-managers for the offering.

About Roper Industries

Roper Industries is a diversified industrial growth company providing engineered products and solutions for global niche markets.

More articles on this topic