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RealTime IT News

PEMSTAR Files for Secondary Stock Offering

PEMSTAR INC., this week announced that it has filed a registration statement with the Securities and Exchange Commission for a secondary stock offering of 5,125,000 shares of its Common Stock. Of these shares, Pemstar is offering 4,500,000 shares and selling shareholders are offering 625,000 shares. The shares will be offered by an underwriting group lead managed by Lehman Brothers and JPMorgan, and co-managed by Robertson Stephens and CIBC World Markets.

PEMSTAR is a provider of electronics manufacturing services to OEMs in the communications, computing, data storage, industrial and medical equipment markets. The company offers a range of engineering, manufacturing, distribution and aftermarket support to customers on a global basis through 15 facilities strategically located in North America, Asia, Europe and South America.



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