| Ticker: TIMT | 1999 Broadway, Suite 4300 | |
| Exchange: New York Stock Exchange | Denver, Colorado 80202 | |
| Industry: Manufacturing | (303) 296-5600 |
| Type of Shares: | Common Shares | Filing Date: | 4/2/96 | |
| U.S. Shares: | 12,325,000 | Offer Date: | 6/4/96 | |
| Non-U.S. Shares: | 2,175,000 | Filing Range: | $20.00 - $23.00 | |
| Primary Shares: | 6,200,000 | Offer Price: | $23.00 | |
| Secondary Shares: | 8,300,000 | Gross Spread: | $1.44 | |
| Offering Amount: | $311,750,000 | Selling: | $1.44 | |
| Expenses: | $1,310,000 | Reallowance: | $0.10 | |
| Shares Out After: | 31,454,255 |
| Manager | Tier | Phone |
| Salomon Brothers Inc. | Lead Manager | (212) 783-2947 |
| Morgan Stanley & Co. Incorporated | Co-manager | (212) 703-4797 |
| Smith Barney Inc. | Co-manager | (718) 921-8473 |
| Auditor: Coopers & Lybrand | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 4/2/95 | 3/31/96 | ||
| Revenue: | $184.70 | $107.60 | $41.70 | Assets: | $422.50 |
| Net Income: | -$4.20 | $2.10 | -$4.00 | Liabilities: | $283.00 |
| EPS: | -$0.27 | $0.10 | -$0.26 | Equity: | $139.50 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is one of the world's leading integrated producers of titanium sponge and mill products and believes it has the largest sales volume worldwide. The company strives to be the low-cost producer in the industry and, due to its economies of scale, manufacturing expertise and past investment in technology, believes that it is well-positioned to capitalize on the improving fundamentals in the titanium industry. The company's products include: titanium sponge, the basic form of titanium metal used in processed titanium products; titanium ingot and slab, the result of melting sponge and titanium scrap, either alone or with various other alloying elements; and forged and cast products produced from ingot or slab, including billet, bar, flat products, tubular products, extrusions and wire. |
| Use of Proceeds |
| The proceeds from the offering will be used for repayment of debt. |
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