LEXINGTON, Mass., Oct. 29 /PRNewswire/ -- Raytheon Company (NYSE: RTN)
announced today the public offering of 31.6 million shares of common stock at
$33.25, including the exercise of the underwriters' over-allotment. The
offering was priced on Oct. 25 and is expected to close on Oct. 31, 2001. The
gross proceeds of approximately $1.05 billion will be used to reduce debt and
for general corporate purposes.
Morgan Stanley and Credit Suisse First Boston acted as joint book running
managers of the offering. Salomon Smith Barney acted as joint lead manager.
With headquarters in Lexington, Mass., Raytheon Company is a global technology
leader in defense, government and commercial electronics, and business and
special mission aircraft.
Forward-looking statements
Certain statements made in this release constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995 regarding the company's future plans, objectives, and expected
performance. Specifically, statements that are not historical facts,
including statements accompanied by words such as "believe," "expect,"
"estimate," "intend," or "plan" are intended to identify forward-looking
statements and convey the uncertainty of future events or outcomes. The
company cautions readers that any such forward-looking statements are based on
assumptions that the company believes are reasonable, but are subject to a
wide range of risks, and actual results may differ materially. Important
factors that could cause actual results to differ include, but are not limited
to: risks associated with implementing the offering. This press release does
not constitute an offer to sell or solicitation of an offer to buy the
securities described herein, nor shall there be any sale of these securities
in any state or jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities
law of any such jurisdiction. Each of the offerings may be made only by means
of a prospectus and related prospectus supplement, copies of which may be
obtained from Morgan Stanley, Prospectus Department, 1585 Broadway, New York,
New York 10036 (telephone number 212-761-8570) or Credit Suisse First Boston
Corporation, Eleven Madison Avenue, Prospectus Department, New York, New York,
10010-3629, (telephone number 212-325-2580).
Contact:
David Polk
781.860.2386
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
CONTACT:
David Polk Raytheon Company, +1-781-860-2386
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