CIMdata PLM Industry Summary Online Archive
13 January 2008
Financial News
Valor Files Registration Statement with the SEC for Proposed Public Offering of its Ordinary Shares in the United States
Valor Computerized Systems Ltd. announced that it has filed a registration statement with the United States Securities and Exchange Commission related to a proposed public offering of its ordinary shares in the United States. Valor expects to offer $50 million of its ordinary shares and selling shareholders will be offered the opportunity to include up to an additional $20 million of their ordinary shares in the offering. Valor and/or the selling shareholders will also grant the underwriters an option to acquire an additional $10.5 million of shares to cover over-allotments, if any. The exact number of shares to be offered and the price range for the offering have not yet been determined. The offering is expected to close during March 2008; however, the timing and terms of the offering are dependent on market conditions, the submission of regulatory filings and approval of Valor's shareholders. Valor's ordinary shares are currently traded on the Prime Standard Segment of the Frankfurt Stock Exchange under the symbol "VCR.
"Thomas Weisel Partners LLC will act as sole book-running manager, Oppenheimer & Co. Inc. will act as co-lead manager, and William Blair & Company, L.L.C. and Collins Stewart LLC will act as co-managers of the offering. The offering will only be made by means of a prospectus. When available, copies of the preliminary prospectus related to the offering may be obtained from Thomas Weisel Partners LLC, Attn: Prospectus Department, One Montgomery Street, Suite 3700, San Francisco, CA 94104, telephone (415) 364-2720.
A registration statement relating to these securities has been filed with the United States 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 a solicitation of an offer to buy ordinary shares of Valor, 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.
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