Encore Medical Corporation Announces Public Offering
November 20 2003 - 10:04AM
PR Newswire (US)
Encore Medical Corporation Announces Public Offering AUSTIN, Texas,
Nov. 20 /PRNewswire-FirstCall/ -- Encore Medical Corporation today
announced that it plans to publicly offer 8,500,000 shares of its
common stock. It expects that the offering would consist of
6,000,000 shares to be offered by Encore and 2,500,000 shares to be
offered by certain of its stockholders. The offering would be made
pursuant to a shelf registration statement covering shares of
common stock that became effective on November 6, 2003. Encore
further expects that some of the selling stockholders will grant an
over-allotment option to the underwriters for the offering of up to
1,275,000 shares. SG Cowen Securities Corporation is acting as lead
manager of the offering and First Albany Capital Inc. is acting as
co-manager. Encore Medical Corporation is a diversified orthopedic
company that designs, manufactures, markets and distributes
orthopedic implant products, sports medicine equipment and related
products for the orthopedic industry. 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. A shelf registration statement relating to the shares that
the Company intends to sell has previously been filed with, and
declared effective by, the Securities and Exchange Commission. Any
offer, if at all, will be made only by means of a prospectus,
including a prospectus supplement, forming a part of the effective
registration statement. A copy of the prospectus supplement and the
prospectus related to the offering can be obtained when available
from SG Cowen Securities Corporation at 1221 Avenue of the
Americas, 6th Floor, New York, NY 10020 or through ADP by fax (631)
254-7268. Except for the historical information contained herein,
the matters discussed are forward-looking statements made pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. These statements involve risks and
uncertainties, such as stock market price fluctuations, the
availability of capital and other risks and uncertainties set forth
in the Company's filings with the Securities and Exchange
Commission. These risks and uncertainties could cause actual
results to differ materially from any forward-looking statements
made herein. For: Encore Medical Corporation Contact: Harry L.
Zimmerman (512) 832-9500 Executive Vice President - General Counsel
Media: Noonan Russo Presence Euro RSCG Susan Noonan (212) 845-4269
DATASOURCE: Encore Medical Corporation CONTACT: Harry L. Zimmerman,
Executive Vice President - General Counsel of Encore Medical
Corporation, +1-512-832-9500, or ; or media, Susan Noonan of Noonan
Russo Presence Euro RSCG, +1-212-845-4269, or , for Encore Medical
Corporation Web site: http://www.encoremed.com/
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