Solectron announce pricing of common stock offering
May 07, 2004
Solectron Corporation (NYSE:SLR ) announced that it has priced an offering of approximately 17.1 million shares of common stock at a price to the public of $4.85 per share (excluding underwriting discounts and commissions) pursuant to Solectron's effective shelf registration statement. All of the shares are being offered by Solectron, which expects the shares to be issued May 11, 2004.
Solectron anticipates using the net proceeds from this offering to pay the cash portion of the consideration offered in its early settlement offer to holders of Solectron's 7.25 percent Adjustable Conversion-Rate Equity Security Units, which expired at midnight May 5, 2004.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities. A prospectus supplement relating to these securities will be filed with the Securities and Exchange Commission. This offering of shares of common stock may be made only by means of the prospectus supplement and accompanying prospectus. Goldman, Sachs & Co. is acting as the underwriter for the offering. Copies of the prospectus supplement and the accompanying prospectus, when available, may be obtained from Goldman, Sachs & Co., 85 Broad Street, New York, New York 10004, Attention: Prospectus Department (Telephone number (212) 902-1171).