Publicly traded Triumph Group is offering 4.6 million shares of common stock held by investment funds and other entities associated with the Carlyle Group. The offering is expected to close on June 12. The Berwyn, Pennsylvania-based company, which, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerostructures, aircraft components, accessories, subassemblies and systems, will not receive any of the proceeds from the offering.
Triumph Group, Inc. (NYSE:TGI) today announced a public offering of its common stock. The size of the offering is 4,666,116 shares of common stock offered by investment funds and other entities associated with The Carlyle Group. Upon completion of the offering, investment funds associated with The Carlyle Group will have sold all of their shares of the common stock of Triumph Group. The offering is expected to close and settle on June 12, 2012. The company will not receive any of the proceeds from the offering of shares by the selling stockholders.
More on Press Releases
ServiceMaster Restorations Of Fort Myers FL Water Damage Division Gets Advanced Hurricane TrainingCote D’Ivoire On The Eve Of The ICC’s Formal Charges Against President Gbagbo For War Crimes And Crimes Against HumanityVoneto To Present At ATSI 2012 Conference In OrlandoConference Organizers Help Charities Pay It ForwardOwen Software Announces Major Enhancements To PathevoÂ®-STEM SolutionNew CEO Of Rogers Behavioral Health System AnnouncedProgress Software Announces Preliminary Fiscal Second Quarter 2012 Financial ResultsATP Announces Management ChangeTeachers At Washington Post Co. Educational Unit Vote For Representation By Newspaper Guild Of New YorkAmerican Community Development Group, Inc. Updates Share Structure And Offers Conference Call
Real Money Previews
Tap In to the Organic Craze
The organic-food market is taking off, and this name is the leader in a number of categories.
When Intervention Is Counterproductive
Investors’ expectations of government stimulus can disrupt the normal, healthy flow of capital.
Consumer Fears Are Subsiding
Consumers bought a lot of big-ticket discretionary items in April.
Credit Suisse Securities (USA) LLC is acting as the sole underwriter for the offering.
A shelf registration statement (including a prospectus) relating to the offering of the common stock has previously been filed with the U.S. Securities and Exchange Commission and has become effective. Before investing, you should read the prospectus and other documents filed with the Securities and Exchange Commission for information about Triumph Group and this offering. A copy of the prospectus may be obtained from Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue, 1B, New York, New York 10010, telephone: 1-800-221-1037 or by emailing firstname.lastname@example.org.
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 jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. The company serves a broad, worldwide spectrum of the aviation industry, including original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers.