| Ticker: PV | Emmeliusstrasse 33 | |
| Exchange: New York Stock Exchange | Asslar, Foreign D-35614 | |
| Industry: Manufacturing | 4964418020 |
| Type of Shares: | American Depositary Receipts | Filing Date: | 3/13/96 | |
| U.S. Shares: | 5,600,000 | Offer Date: | 7/15/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.50 - $13.50 | |
| Primary Shares: | 0 | Offer Price: | $11.50 | |
| Secondary Shares: | 5,600,000 | Gross Spread: | $0.80 | |
| Offering Amount: | $70,000,000 | Selling: | $0.48 | |
| Expenses: | $1,775,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,600,000 | |||
| Spin out parent firm: | Oerlikon-Buhrle Holding AG | |||
| Manager | Tier | Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 504-4525 |
| Oppenheimer & Company, Inc. | Co-manager | (212) 667-7402 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/96 | |||
| Revenue: | $147.54 | $44.27 | Assets: | $104.28 | |
| Net Income: | $2.72 | $2.31 | Liabilities: | $76.41 | |
| EPS: | $0.49 | $0.41 | Equity: | $27.87 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a worldwide leader in turbomolecular vacuum pumps, the fastest growing segment of the high vacuum pump industry. In 1995, the company held the largest market share worldwide in turbomolecular vacuum pumps. The company invented the turbomolecular vacuum pump in 1958 and has been a leading innovator in vacuum technology since the company was founded in 1980. The company designs manufactures and services a broad range of turbomolecular vacuum pumps, rotary vane pumps, roots pumps and customized vacuum systems. Through a global sales and service organization located in 33 countries, the company markets and services these products and a wide variety of complementary vacuum components and instruments manufactured by third parties. The company's products are used in numerous applications, including the operation of analytical instruments such as electron microscopes and mass spectrometers, the manufacturing of television tubes, computer monitor tubes, semiconductors and flat-screen displays, and the deposition of thin film coating on computer hard disks and compact discs. |
| Use of Proceeds |
| The proceeds from the offering will be distributed to selling shareholders. |
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