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Article: SEC Approves Stock Sale by Rochester, Minn.-Based Electronics Maker.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- December 21, 2001
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. 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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Post-Bulletin, Rochester, Minn. Knight Ridder/Tribune Business News
Dec. 21--Contract manufacturer Pemstar Inc. sent a signal this week that future stock and bond offerings may be on the way when the markets become favorable again.
The Rochester-based company sought standing permission from the Securities and Exchange Commission to sell as much as $200 million worth of common and preferred stock, bonds, warrants and other money instruments.
Once approved by the SEC, the request, called a "shelf registration," allows Pemstar to tap the equity and debt markets whenever the company wants during the next two years.
Chief financial ...