| Ticker: SNSR | 228 Northeast Road | |
| Exchange: NASDAQ-National Market | Standish, Maine 04084 | |
| Industry: Manufacturing | (207) 642-4535 |
| Type of Shares: | Common Shares | Filing Date: | 8/1/96 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 10/2/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.75 - $13.75 | |
| Primary Shares: | 2,000,000 | Offer Price: | $9.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.63 | |
| Offering Amount: | $25,500,000 | Selling: | $0.34 | |
| Expenses: | $750,000 | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Dean Witter Reynolds | Lead Manager | (212) 392-2222 |
| Cleary, Gull, Reiland & McDevitt, Inc. | Co-manager | (414) 291-4500 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/96 | |||
| Revenue: | $65.62 | $34.80 | Assets: | $42.99 | |
| Net Income: | $3.20 | $2.07 | Liabilities: | $33.31 | |
| EPS: | $1.25 | $0.81 | Equity: | $9.67 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company designs, manufactures and markets circuit breakers, electronic sensors and electronic ceramic component parts used by original equipment manufacturers in the automotive, appliance and telecommunications markets. The company is a leading supplier of automatically resetting circuit breakers and solar sensors for the automotive market and of glass enclosed circuit breakers for the appliance market. The company has supplied circuit breakers to automotive OEMs for more than 30 years, and in 1991 expanded its offerings to the automotive market by introducing its initial sensor product, a solar sensor used to automatically signal adjustments in climate control systems in luxury cars. The company's products are sold to the three major North American automotive OEMs, General Motors Corporation, Ford Motor Company and Chrysler Corp., as well as to foreign OEMs such as Mercedes, Peugot, Volkswagen and Valeo. Sales to GM, Ford and Chrysler, and their suppliers, in North America accounted for approximately 45% of net sales in 1995. Other principal customers include Danfoss, Celwave and Siecor. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay debt, redeem preferred stock, and meet working capital requirements. |
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