MISTRAS Group, Inc. Announces Exercise of Green Shoe Option
October 14 2009 - 4:03PM
PR Newswire (US)
PRINCETON JUNCTION, N.J., Oct. 14 /PRNewswire-FirstCall/ -- MISTRAS
Group, Inc. (NYSE:MG), a leading global provider of
technology-enabled asset protection solutions, today announced that
the underwriters of its initial public offering exercised their
over-allotment option to purchase 1,300,000 additional shares of
MISTRAS Group common stock at the initial public offering price of
$12.50 per share, less underwriting discounts and commissions, from
certain selling stockholders. With this exercise, the MISTRAS
Group's initial public offering totaled 10,000,000 shares of its
common stock. These shares began trading on the New York Stock
Exchange on October 8, 2009 under the ticker symbol "MG." MISTRAS
Group sold 6,700,000 shares of common stock, and selling
stockholders, including Thayer | Hidden Creek Partners and Altus
Capital Partners, sold the remaining 3,300,000 shares in the
offering. Thayer | Hidden Creek Partners and Altus Capital Partners
sold all of the over-allotment shares J.P. Morgan, Credit Suisse
and BofA Merrill Lynch acted as joint book-running managers for the
offering. Robert W. Baird & Co. acted as a co-manager of the
offering. A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
October 7, 2009. Any offer or sale will be made only by means of a
written prospectus forming part of the effective registration
statement. A copy of the final prospectus may be obtained directly
from: J.P. Morgan National Statement Processing Prospectus Library
4 Chase Metrotech Center CS Level Brooklyn, New York, NY 11245 ph:
1-718-242-8002 Credit Suisse Prospectus Department One Madison
Avenue 1B New York, NY 10010 ph: 1-800-221-1037 BofA Merrill Lynch
Prospectus Department 4 World Financial Center New York, NY 10080
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the securities in this offering,
nor shall there be any sale, offer or solicitation of these
securities in any state or jurisdiction in which such sale, offer
or solicitation would be unlawful prior to registration or
qualification under the securities laws of any state or
jurisdiction. DATASOURCE: MISTRAS Group, Inc. CONTACT: Mike
Kandell, Director of External Reporting, +1-609-716-4107
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