Press Releases
<< BackMay 10, 2002 at 12:00 AM EDT
A. O. Smith announces completion of common stock offering
A. O. Smith announces completion of common stock offering
A. O. Smith announces completion of common stock offering
Milwaukee, Wis.—A. O. Smith Corporation (AOS-NYSE; SMCA-AMEX) announced today that it completed a public offering of 4,776,065 shares of its common stock at a price per share of $28.25.
The number of shares includes the sale of 622,965 shares of the company's common stock pursuant to the exercise of the underwriters' over-allotment option. The company will apply the approximately $127.5 million of net proceeds from the offering to pay down debt.
The offering was being made only by means of a prospectus, a copy of which may be obtained from the offices of Robert W. Baird & Co. Incorporated, 777 E. Wisconsin Ave., Milwaukee, Wis., 53202, or from one of the other underwriters.
The number of shares includes the sale of 622,965 shares of the company's common stock pursuant to the exercise of the underwriters' over-allotment option. The company will apply the approximately $127.5 million of net proceeds from the offering to pay down debt.
The offering was being made only by means of a prospectus, a copy of which may be obtained from the offices of Robert W. Baird & Co. Incorporated, 777 E. Wisconsin Ave., Milwaukee, Wis., 53202, or from one of the other underwriters.