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Article: Standard Motor Products, Inc. Announces Common Stock Offering.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Standard Motor Products, Inc. (NYSE:SMP), an automotive replacement parts manufacturer and distributor, announced that it plans to offer 4,000,000 shares of its common stock in an underwritten registered public offering. In connection with this offering, the Company also intends to grant the underwriters a 30-day option to purchase up to 600,000 additional shares. Goldman, Sachs & Co. is serving as the sole book-runner, with BB&T Capital Markets as a co-manager for the offering.
The Company intends to use the net proceeds from the offering to repay a portion of its outstanding indebtedness under its revolving credit facility. The Company then intends to borrow ...
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Article: Standard Motor Products authorizes employee stock ...
PR Newswire;
January 5, 1989 ;
451 words
...STANDARD MOTOR PRODUCTS AUTHORIZES EMPLOYEE ... PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP ... Standard's outstanding common stock. -0- 1/5/89 ... Chanko of Standard Motor Products, 718-392-0200 ...
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