WESTPORT, Conn., June 4, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Compass Diversified Holdings (Nasdaq: CODI) ("CODI" or the "Company") announced today that it priced a public offering of 5,100,000 trust shares at $8.85 per share, raising $45.1 million in gross proceeds. The underwriters will have a 30-day option to purchase up to an additional 765,000 trust shares from CODI to cover over-allotments. CODI expects to use the net proceeds from the offering for general corporate purposes. The closing is expected to occur on or about June 9, 2009, subject to customary closing conditions.
Morgan Stanley was the sole book-running manager on the offering, with Janney Montgomery Scott; Morgan Keegan & Company, Inc.; RBC Capital Markets Corporation; and Stifel, Nicolaus & Company, Incorporated acting as co-managers.
The shares were issued pursuant to CODI's shelf registration statement filed with the Securities and Exchange Commission on May 18, 2009.
A copy of the prospectus relating to the offering may be obtained from the following address:
Morgan Stanley Attn: Prospectus Dept. 180 Varick Street, 2nd Floor New York, NY 10014 Email: firstname.lastname@example.org Telephone: 866-718-1649
The offering was made pursuant to an effective shelf registration statement and prospectus filed by CODI with the SEC. You may obtain copies of the registration statement (including the base prospectus) and the final prospectus supplement for free when they are available by visiting EDGAR on the SEC web site at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
About Compass Diversified Holdings
Compass Diversified Holdings ("CODI") was formed to acquire and manage a group of middle market businesses that are headquartered in North America. Its subsidiaries are a diverse group of businesses with highly defensible market positions.
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SOURCE Compass Diversified Holdings
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