| Ticker: WG | Edificio Torre Banco Germanico, Calle 50 Y 55 Este | |
| Exchange: New York Stock Exchange | Panama 5, Foreign | |
| Industry: Construction | 5072639282 |
| Type of Shares: | Common Shares | Filing Date: | 6/7/96 | |
| U.S. Shares: | 4,964,520 | Offer Date: | 8/15/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 0 | Offer Price: | $10.00 | |
| Secondary Shares: | 4,964,520 | Gross Spread: | $0.70 | |
| Offering Amount: | $59,574,240 | Selling: | $0.42 | |
| Expenses: | $775,000 | Reallowance: | $0.10 | |
| Shares Out After: | 13,860,000 |
| Manager | Tier | Phone |
| Dillon, Read & Co. Inc. | Lead Manager | (212) 906-7000 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $220.51 | $53.48 | $36.00 | Assets: | $149.95 |
| Net Income: | $13.79 | $2.04 | $0.12 | Liabilities: | $66.56 |
| EPS: | $0.01 | $0.09 | $0.01 | Equity: | $83.39 |
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 leading independent contractors serving the oil and gas industry, providing construction services, engineering services and other gas industry, providing construction services, engineering and other services. The company places particular emphasis on projects in developing countries where the company believes its experience gives its a competitive advantage. The company's construction services include the building and replacement of major pipelines and gathering systems, flow stations, pump stations, gas compressor stations, gas processing facilities and oil and gas production facilities; and the construction of piers, dock facilities and bridges. The company's engineering services include feasibility studies; conceptual and detailed facility design; field services; material studies; conceptual and detailed facility design; field services; material procurement; and overall project management. |
| Use of Proceeds |
| The proceeds from the proposed offering will be distributed to selling shareholders. |
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