|
|
| American Medical Systems Files for Public Offering of Common Stock |
| AMERICAN MEDICAL SYSTEMS LOGO
American Medical Systems, Inc. logo. (PRNewsFoto)[AG] MINNEAPOLIS, MN USA | |||
MINNEAPOLIS, June 6 /PRNewswire/ --
American Medical Systems Holdings, Inc. (Nasdaq: AMMD) today announced
that it has filed a registration statement with the U.S. Securities and
Exchange Commission relating to a public offering of 7,000,000 shares of its
common stock. Of the total shares, 3,500,000 shares are expected to be issued
and sold by American Medical Systems and 3,500,000 shares are expected to be
sold by a selling stockholder, Warburg, Pincus Equity Partners, L.P. American
Medical Systems will not receive any proceeds from the sale of shares by the
selling stockholder. In addition, the underwriters have an option to purchase
1,050,000 additional shares of common stock from the selling stockholder to
cover over-allotments, if any. The offering will be managed by U.S. Bancorp
Piper Jaffray and co-managed by Banc of America Securities LLC, J.P. Morgan
Securities Inc. and Robertson Stephens, Inc.
(Photo: http://www.newscom.com/cgi-bin/prnh/20000710/AMSLOGO )
The Company plans to use the proceeds from the offering to repay debt and
for general corporate purposes, including to fund future product development
and acquisitions of technologies, products and companies.
A registration statement relating to the securities intended to be sold
has been filed with the Securities and Exchange Commission but has not 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 or a solicitation of any offer
to buy nor shall there be any sales 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. When available, a
preliminary prospectus relating to these securities may be obtained from U.S.
Bancorp Piper Jaffray, Inc. at 800 Nicollet Mall, Minneapolis, Minnesota,
55402. Requests for a preliminary prospectus may be made by Fax:
612-303-1070, and questions may be directed to 612-303-6220.
About AMS
American Medical Systems (AMS), headquartered in Minneapolis, is a medical
technology company with 500 employees worldwide. AMS products include a large
portfolio of devices to treat both male and female incontinence, devices for
the diagnosis and treatment of erectile dysfunction, devices for urethral
obstruction caused by benign prostatic hyperplasia (BPH) (enlarged prostate
disease) and advanced surgical products used in transurethral resection of the
prostate. The company markets its products in more than 60 countries
worldwide. For more information about AMS, visit our Web site at
http://www.visitAMS.com
SOURCE American Medical Systems Holdings, Inc.
back to topRelated links:
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/20000710/AMSLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 201-369-3467
CONTACT:
Greg Melsen, Chief Financial Officer of
American Medical Systems, 952-933-4666, greg.melsen@visitAMS.com
, or Marian Briggs, mbriggs@psbpr.com , or Nancy A. Johnson,
njohnson@psbpr.com , both of Padilla Speer Beardsley Inc.,
612-871-8877, for American Medical Systems
