Regal Beloit Corporation Announces Pricing of Common Stock Offering
19 5월 2009 - 2:25PM
PR Newswire (US)
BELOIT, Wis., May 19 /PRNewswire-FirstCall/ -- Regal Beloit
Corporation (NYSE:RBC) announced today that it priced a public
offering of 3,750,000 shares of common stock at a price of $36.25
per share to the public. Regal Beloit has granted the underwriter
in the offering an option to purchase up to 562,500 additional
shares of common stock at the same price per share to cover any
over-allotments. The public offering of the shares is expected to
close on May 22, 2009. Assuming no exercise of the underwriter's
over-allotment option, Regal Beloit expects to receive net proceeds
from the offering of approximately $130.9 million after deducting
underwriting discounts and commissions and estimated expenses of
the offering. Regal Beloit will use the net proceeds from the
offering for general corporate and working capital purposes,
including the potential repayment of long-term debt and the funding
of future acquisitions. Robert W. Baird & Co. acted as
underwriter for the offering. The offering is being made only by
means of a prospectus and related prospectus supplement, copies of
which may be obtained from the offices of Robert W. Baird & Co.
Incorporated, 777 East Wisconsin Avenue, 28th Floor, Milwaukee,
Wisconsin 53202-5391, or by calling 1-800-792-2413. Electronic
copies of the prospectus and the prospectus supplement are
available on the Securities and Exchange Commission's Web site at
http://www.sec.gov/. This press release does not constitute an
offer to sell these securities or a solicitation of an offer to buy
these securities, 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 laws of any such state or jurisdiction. About
Regal Beloit Corporation Regal Beloit Corporation is a leading
manufacturer of mechanical and electrical motion control and power
generation products serving markets throughout the world. Regal
Beloit Corporation is headquartered in Beloit, Wisconsin, and has
manufacturing, sales, and service facilities throughout the United
States, Canada, Mexico, Europe and Asia. DATASOURCE: Regal Beloit
Corporation CONTACT: David A. Barta, Vice President, Chief
Financial Officer of Regal Beloit Corporation, +1-608-361-7405 Web
Site: http://www.regal-beloit.com/
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