MTS Sells 247,500 Additional Shares Of Common Stock Pursuant To Underwriters' Over-Allotment Option
The closing of the sale of the additional shares of Common Stock pursuant to the exercise of the over-allotment option is subject to customary closing conditions and is expected to close on or about
The completion of the Common Stock offering is not contingent on the completion of the Tangible Equity Units offering, and the completion of the Tangible Equity Units offering is not contingent on the completion of the Common Stock offering, and neither offering is contingent on the completion of the acquisition of PCB.
Copies of the final prospectus supplement and the accompanying base prospectus related to the Common Stock and the final prospectus supplement and the accompanying base prospectus related to the Tangible Equity Units may be obtained from
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 any such jurisdiction.
Cautionary Information Regarding Forward-Looking Statements
This release contains "forward-looking statements" made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about the benefits of the merger, including future financial and operating results, plans, objectives, expectations and intentions and other statements that are not historical facts. These statements are based on MTS's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. Risks, uncertainties and assumptions include, but are not limited to: (1) the proposed transaction may not be completed, or completed within the expected timeframe; (2) costs relating to the proposed transaction may be greater than expected; (3) the possibility that a governmental entity may prohibit, delay or refuse to grant a necessary regulatory approval in connection with the proposed transaction; (4) problems that may arise in integrating the businesses of the two companies and that the integration may not be successful; (5) the combined company may be unable to achieve the anticipated synergies or those benefits may take longer to realize than expected; (6) the businesses of one or both companies may suffer as a result of uncertainties surrounding the proposed transaction including disruption of relationships with customers, employees or suppliers; (7) increased competition and its effect on pricing; and (8) other risks beyond the control of either party. Additional factors that could cause MTS's actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to, those described in the "Risk Factors" section in each of the prospectus supplements with respect to the offerings and MTS's most recent Form 10-K filed with the
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Andy Cebulla, Director of Investor Relations and Treasurer, (952) 937-4000