| Ticker: TGI | Four Glenhardie Corporate Center, 1225 Drummers Lane, Suite 200 | |
| Exchange: New York Stock Exchange | Wayne, Pennsylvania 19087 | |
| Industry: Manufacturing | (610) 975-0420 |
| Type of Shares: | Common Shares | Filing Date: | 8/23/96 | |
| U.S. Shares: | 2,500,000 | Offer Date: | 10/25/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.50 - $13.50 | |
| Primary Shares: | 2,500,000 | Offer Price: | $19.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.33 | |
| Offering Amount: | $31,250,000 | Selling: | $0.76 | |
| Expenses: | $1,050,000 | Reallowance: | $0.10 | |
| Shares Out After: | 9,374,588 |
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 727-1700 |
| Dillon, Read & Co. Inc. | Co-manager | (212) 906-7000 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/96 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $100.17 | $35.54 | $21.30 | Assets: | $142.30 |
| Net Income: | $9.69 | $1.81 | $1.12 | Liabilities: | $125.63 |
| EPS: | $0.78 | $0.26 | $0.16 | Equity: | $16.67 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company designs, engineers, manufactures or repairs and overhauls aircraft components such as mechanical and electromechanical control systems, aircraft engine accessories, auxillary power units, avionics and aircraft instruments. The company serves a broad spectrum of the aviation industry, including commercial airlines and air cargo carriers, as well as original equipment manufacturers of aircraft and aircraft components on a worldwide basis. According to current U.S. Department of Commerce statistics, the annual worldwide market for the design, engineering, manufacture, repair and overhaul of aircraft components is approximately $45 billion. The aircraft component production and repair industry is highly fragmented, consisting of both a limited number of well-capitalized companies, which offer a broad range of products and services, and a large number of smaller, specialized companies. The company believes that this market structure and industry trends will result in continued industry consolidation. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay certain indebtedness of the company and for working capital and general corporate purposes. |
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