CIRCOR International Announces Filing of Universal Shelf Registration Statement
November 04 2010 - 10:15AM
Business Wire
CIRCOR International, Inc. (NYSE: CIR), a provider of valves and
other highly engineered products and subsystems that control the
flow of fluids safely and efficiently in the aerospace, energy and
industrial markets, today announced the filing of a universal shelf
registration statement on Form S-3 with the Securities and Exchange
Commission (the “SEC”). The offering of securities covered by the
shelf registration statement is designed to provide the Company
with greater flexibility to take advantage of financing
opportunities, acquisitions, and other business opportunities when
and if such opportunities arise, subject to market conditions and
the capital requirements of the Company.
If and when the shelf registration statement is declared
effective, it will permit the Company from time to time, to offer
and sell up to $400 million of common stock, preferred stock, debt
securities, warrants to purchase any such securities, units
comprised of any such securities, or any combination thereof in one
or more future public offerings. The actual amount and type of
securities, or combination of securities, and the terms of those
securities, will be determined at the time of sale, if such sale
occurs. As of the date of this release, the Company has no specific
plans to offer the securities covered by the registration
statement, and is not required to offer the securities in the
future.
The terms of any offering under the registration statement will
be established at the time of the offering and will be described in
a prospectus supplement filed with the SEC at the time of the
offering. Once declared effective by the SEC, the registration
statement would remain in place for a period of three years. 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 is not an offer to sell or a solicitation of an
offer to buy, nor shall there be any sale of securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About CIRCOR International, Inc. CIRCOR International,
Inc. designs, manufactures and markets valves and other highly
engineered products and subsystems that control the flow of fluids
safely and efficiently in the aerospace, energy and industrial
markets. With more than 9,000 customers in over 100 countries,
CIRCOR has a diversified product portfolio with recognized,
market-leading brands. CIRCOR’s culture, built on the CIRCOR
Business System, is defined by the Company’s commitment to
attracting, developing and retaining the best talent and pursuing
continuous improvement in all aspects of its business and
operations. The Company’s strategy includes growing organically by
investing in new, differentiated products; adding value to
component products; and increasing the development of
mission-critical subsystems and solutions. CIRCOR also plans to
leverage its strong balance sheet to acquire strategically
complementary businesses. For more information, visit the Company’s
investor relations web site at http://investors.circor.com.
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