Accuride Announces Secondary Common Stock Offering By Selling Stockholders
EVANSVILLE, Ind.--Sept. 14, 2005--Accuride Corporation announced today that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to a proposed secondary offering of 7,000,000 common shares, representing approximately 21% of Accuride's common shares outstanding. The selling stockholders also expect to grant the underwriters an option to purchase an additional 1,050,000 shares of common stock to cover over-allotments, if any.All of the shares being offered will be sold by current Accuride stockholders. Accuride will not receive any proceeds from this offering.
Citigroup Global Markets Inc. will manage the offering. When available, a copy of the preliminary prospectus relating to this offering may be obtained from Citigroup, Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York 11220 (tel: 718-765-6732).
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. This offering will be made only by means of a prospectus.
Accuride Corporation is one of the largest and most diversified manufacturers and suppliers of commercial vehicle components in North America. Accuride's products include commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, seating assemblies and other commercial vehicle components. Accuride's products are marketed under its brand names, which include Accuride, Gunite, Imperial, Bostrom, Fabco and Brillion. For more information, visit Accuride's website at http://www.accuridecorp.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for Accuride Corporation: All comments relating to any future period are forward-looking statements, subject to uncertainties and risk that could cause actual results to vary materially from what is suggested here. These statements are subject to risks and uncertainties, including without limitation, the general market conditions, the specific market for Company common stock, the performance of the Company's business and other risks detailed from time-to-time in Accuride's filings and reports with the Securities and Exchange Commission.