| Ticker: SAESY | Viale Italia, 77 20020 Lainate | |
| Exchange: NASDAQ-National Market | Milan, Foreign | |
| Industry: Manufacturing |
| Type of Shares: | American Depositary Receipts | Filing Date: | 5/2/96 | |
| U.S. Shares: | 3,100,000 | Offer Date: | 5/22/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $17.00 | |
| Primary Shares: | 3,100,000 | Offer Price: | $17.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.89 | |
| Offering Amount: | $52,700,000 | Selling: | $0.53 | |
| Expenses: | $1,515,000 | Reallowance: | $0.10 | |
| Shares Out After: | 8,964,420 |
| Manager | Tier | Phone |
| Lehman Brothers Incorporated | Lead Manager | (212) 640-6129 |
| Robertson, Stephens & Company | Co-manager | (415) 989-8500 |
| Schroder Wertheim & Company, Incorporated | Co-manager | (212) 492-6900 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $108.91 | Assets: | $135.19 | ||
| Net Income: | $18.63 | Liabilities: | $58.39 | ||
| EPS: | $0.95 | Equity: | $76.80 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| SAES Getters S.p.A. is the world leader in getter technology used to create and maintain vacuum and purified gas environments. High vacuum and purified gas environments are required in the production of a wide range of products in several high to medium technology industries, such as traditional electronics, semiconductors, lighting, aerospace and appliances. The Group has developed long-term relationships with several major customers in these industries, including, in alphabetical order, General Electric, Hitachi, Hyundai, IBM, INtel, LG Electronics, Matsushita Electronics, Mitsubishi Electric, Motorola, Osram, Philips, Samsung, Sony, Texas Instruments, Thomson and Toshiba. The Group's primary product, the "getter", is used to maintain or create a vacuum. A getter is a device composed of a metal alloy which exhibits a chemical affinity for specific gases and which, when introduced into an evacuated device, will absorb the targeted gaseous molecules present, creating and maintaining and appropriate vacuum or a highly purified gas. |
| Use of Proceeds |
| Proceeds from the offering will be used to strengthen the Group's international sales and marketing and manufacturing activities in both existing and new, but related product lines and markets and intends to make certain capital investments and is considering acquisitions, joint ventures or other investments to accomplish these objectives. |
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