Roper Industries Announces Intention to Commence Public Stock Offering

09.12.2003

Roper Industries announced that it intends shortly to commence a public offering of 3.96 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 a new senior secured bank facility, will be used to fund Roper’s pending acquisition of Neptune Technology Group Holdings Inc. and to repay its existing credit facilities.

Concurrently with the common stock offering, Roper intends to publicly offer senior subordinated convertible notes for gross proceeds of $150 million to redeem its existing senior notes.

The shares of Roper common stock and the senior subordinated convertible notes to be sold in the offerings will be offered pursuant to preliminary prospectus supplements and the accompanying shelf registration statement previously filed with the Securities and Exchange Commission.

Roper has appointed Merrill Lynch & Co. as the sole book-running manager, JPMorgan and Wachovia Securities as the joint lead managers, and Robert W. Baird & Co., JMP Securities, McDonald Investments, Inc. and SunTrust Robinson Humphrey as co-managers for the common stock offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

The offerings of these securities may be made only by means of a prospectus and the related prospectus supplement. When available, copies of such documents may be obtained from Merrill Lynch, 4 World Financial Center, New York, New York 10281.

About Roper Industries

Roper Industries is a diversified industrial growth company providing engineered products and solutions for global niche markets. Additional information about Roper Industries, including a glossary for terms used by the Company and registration for Company’s press releases via email, is available on the Company’s website.

More articles on this topic

Pentair Reports Third Quarter 2021 Results

02.11.2021 -

Pentair plc announced third quarter 2021 sales of $969 million. Sales were up 21 percent compared to sales for the same period last year. Excluding currency translation, acquisitions and divestitures, core sales grew 18 percent in the third quarter. Third quarter 2021 earnings per diluted share from continuing operations (“EPS”) were $0.86 compared to $0.66 in the third quarter of 2020.

Read more