Saturn Electronics & Engineering, Inc. Announces Filing of Registration Statement
3 April 2000
Saturn Electronics & Engineering, Inc. Announces Filing of Registration StatementAUBURN HILLS, Mich., March 30 Saturn Electronics & Engineering, Inc. (Saturn) announces that it filed a registration statement with the Securities and Exchange Commission for a proposed public offering of common stock. Although terms of the offering were not disclosed, some of the shares are expected to be sold by Saturn and some of the shares are expected to be sold by selling shareholders. The offering will be made through a group of underwriters managed by Credit Suisse First Boston, Merrill Lynch & Co., and Needham & Company, Inc. Saturn Electronics & Engineering, Inc. is a provider of electronic manufacturing services (EMS) to original equipment manufacturers (OEMs) and their suppliers. Saturn provides its customers with a full range of services and manufacturing capabilities through its facilities in North America, Mexico and Asia. 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. The 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 registration or qualification under the securities laws of any State.