| Ticker: THW | 18, rue Dicks | |
| Exchange: New York Stock Exchange | Luxembourg | |
| Industry: Manufacturing |
| Type of Shares: | American Depositary Receipts | Filing Date: | 9/5/96 | |
| U.S. Shares: | 25,049,500 | Offer Date: | 9/26/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $17.80 - $20.30 | |
| Primary Shares: | 25,049,500 | Offer Price: | $19.55 | |
| Secondary Shares: | 0 | Gross Spread: | $1.08 | |
| Offering Amount: | $477,192,956 | Selling: | $0.65 | |
| Expenses: | $19,000,000 | Reallowance: | $0.10 | |
| Shares Out After: | 53,847,390 |
| Manager | Tier | Phone |
| Salomon Brothers Inc. | Lead Manager | (212) 783-2947 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 504-4525 |
| Morgan Stanley & Co. Incorporated | Co-manager | (212) 703-4797 |
| SBC Warburg & Company | Co-manager | (212) 459-7000 |
| Auditor: Deloitte & Touche | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/96 | |||
| Revenue: | $314.20 | $175.70 | Assets: | $200.90 | |
| Net Income: | $62.70 | $13.20 | Liabilities: | $414.00 | |
| EPS: | $0.97 | $0.31 | Equity: | -$213.10 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| TAG Heuer International;SA through its wholly owned Swiss subsidiary TAG Heuer SA is a leading designer,producer and marketer of prestigious Swiss sports watches and chronographs which are sold under one of the world's most widely recognized watch brands. Built on a history of achievement in precision timing dating back to 1860, TAG Heuer has grown dramatically over the last seven years. The company's consolidated net sales have increased over five times from SFr 66 million in 1988 to SFr 380 million in 1995, representing a compound annual growth rate of 28%. Management believes that this growth is the result of its strategy of clearly positioning the TAG Heuer brand as the leading prestigious sports watch and of the aggressive and consistent marketing of its image throughout the world. According to management's estimates, TAG Heuer is currently the fifth largest Swiss watch brand, as measured by sales value, behind Rolex, Swatch, Cartier and Omega. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to prepay a portion of the outstanding amount outstanding under the credit agreement; to repurchase a portion of its preferred shares and to repurchase 35% of the company's 12% Senior Subordinated Notes due 2005. |
©1996 IPO Data Systems, Inc. - All rights reserved.