Articles > Popular publications > PR Newswire press releases > July-September 1995 > Tuesday, August 8

Article: AMERICAN STANDARD COMPANIES INC. FILES REGISTRATION STATEMENT FOR 17.5 MILLION SHARE SECONDARY OFFERING

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PR Newswire
Article date:
August 8, 1995
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PISCATAWAY, N.J., Aug. 8 /PRNewswire/ -- American Standard Companies Inc. (NYSE: ASD) today filed a Registration Statement with the Securities and Exchange Commission for an offering of 17.5 million shares of the Company's Common Stock (plus an underwriters over- allotment option for up to an additional 2.625 million shares) held by Kelso ASI Partners, L.P. (ASI Partners), the Company's principal stockholder. Because the offering relates only to currently issued and outstanding shares, the offering will not result in any dilution in per share earnings. The Company has approximately 76.1 million shares of Common Stock outstanding and will receive no proceeds from the sale ... 







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