Bruker Energy & Supercon Technologies, Inc. Files Registration Statement for Initial Public Offering
03 September 2010 - 9:00PM
Business Wire
Bruker Corporation (“Bruker”) (NASDAQ: BRKR), a leading global
provider of high-performance scientific instruments, and Bruker
Energy & Supercon Technologies, Inc. (“BEST”), a leading
provider of superconducting technology and enabling tools and a
Bruker subsidiary, today announced that BEST has filed a Form S-1
Registration Statement with the United States Securities and
Exchange Commission relating to the proposed initial public
offering (the “offering”) of common stock of BEST. The offering may
include shares offered by Bruker as a selling stockholder. The
number of shares to be offered by BEST and by Bruker and the price
range for the offering have not yet been determined. Bruker intends
to retain a controlling equity interest in BEST for the foreseeable
future.
A registration statement relating to the common stock to be sold
in the offering has been filed with the Securities and Exchange
Commission but has not yet become effective. These securities may
not be sold nor any offers to buy be accepted prior to the time the
registration statement becomes effective. This news 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 an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of
any such state.
Jefferies & Company, Inc. and UBS Investment Bank are acting
as joint book-running managers for the offering. Needham &
Company, LLC is acting as lead manager and Gleacher & Company
Securities, Inc. is acting as co-manager for the offering.
The offering is only being made by means of a prospectus. When
available, copies of the preliminary prospectus may be obtained by
contacting: Jefferies & Company, Inc., 520 Madison Avenue, New
York, NY 10022, Attention: Syndicate Prospectus Department, (888)
449-2342; and UBS Investment Bank, 299 Park Avenue, New York, NY
10171, Attention: Prospectus Department, (888) 827-7275.
This release contains “forward-looking statements” as defined
under the U.S. federal securities laws including, but not limited
to, statements regarding BEST’s intention to conduct an offering of
its common stock and that Bruker may sell a portion of its BEST
shares in the offering. Actual events could differ materially from
those anticipated in the forward-looking statements as a result of
certain factors, including but not limited to adverse changes in
general economic or market conditions, the inability to manage
successfully and complete the offering, the risk that the offering
of BEST may not occur in its expected timeframe or at all, and
other important factors disclosed previously and from time to time
in Bruker’s filings with the U.S. Securities and Exchange
Commission. Bruker disclaims any obligation to update any such
forward-looking statements after the date of this release.
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