MISTRAS Group, Inc. Commences Initial Public Offering of Common Stock
23 Setembro 2009 - 11:52AM
PR Newswire (US)
PRINCETON JUNCTION, N.J., Sept. 23 /PRNewswire-FirstCall/ --
MISTRAS Group, Inc., (NYSE:MG) today announced that it has
commenced an initial public offering of 8,700,000 shares of its
common stock. 6,700,000 shares of common stock are being offered by
the Company and 2,000,000 shares are being offered by certain
selling shareholders, including Thayer | Hidden Creek Partners and
Altus Capital Partners. The estimated price range for the initial
public offering is $14.00 to $16.00 per share. MISTRAS has been
approved to apply to list on the NYSE under the ticker symbol "MG".
The underwriters have the option to purchase from the selling
shareholders up to an additional 1,300,000 shares of common stock,
on the same terms and conditions, to cover over-allotments, if any.
J.P. Morgan, Credit Suisse and BofA Merrill Lynch will act as joint
book-running managers for the proposed offering. Robert W. Baird
& Co. will act as a co-manager for the proposed offering. The
public offering will be made only by means of a prospectus. Once
the prospectus is available, a copy may be obtained from: J.P.
Morgan, National Statement Processing, Prospectus Library, 4 Chase
Metrotech Center, CS Level, Brooklyn, New York, NY, 11245, ph:
1-718-242-8002; from: Credit Suisse, Prospectus Department, One
Madison Avenue 1B, New York, NY 10010, ph: 1-800-221-1037; or from
BofA Merrill Lynch, Prospectus Department, 4 World Financial
Center, New York, NY 10080, ph: 1-212-449-1000. A registration
statement relating to the proposed sale of 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 or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. About MISTRAS
MISTRAS Group, Inc. is a leading global provider of proprietary,
technology-enabled asset protection solutions, which combine the
skill and experience of certified technicians, engineers and
scientists with non-destructive testing (NDT), mechanical integrity
services, and plant conditioning monitoring software and systems
(PCMS), to evaluate the structural integrity of critical energy,
industrial and public infrastructure. MISTRAS serves a global
customer base, including companies in the oil and gas, power
generation and transmission, public infrastructure, chemicals,
aerospace and defense, transportation, primary metals and
metalworking, pharmaceuticals and food processing industries. For
more information, visit http://www.mistrasgroup.com/. DATASOURCE:
MISTRAS Group, Inc. CONTACT: Mike Kandell, Director of External
Reporting, for MISTRAS Group, Inc., +1-609-716-4107 Web Site:
http://www.mistrasgroup.com/
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