Attached files
| file | filename |
|---|---|
| 8-K - STONERIDGE INC | v201013_8k.htm |
| EX-1.1 - STONERIDGE INC | v201013_ex1-1.htm |
| EX-5.1 - STONERIDGE INC | v201013_ex5-1.htm |
| EX-99.2 - STONERIDGE INC | v201013_ex99-2.htm |
Exhibit
99.1
FOR
IMMEDIATE RELEASE
Stoneridge
Announces Pricing of Secondary Offering
Warren,
Ohio – November 3, 2010 – Stoneridge, Inc. (NYSE:SRI) announced today that
shareholders affiliated with the Draime family have priced an underwritten
secondary public offering of 8,846,335 Company common shares at $10.75 per
share, less underwriting commissions and discounts. In addition, the
selling shareholders have granted the underwriter an over-allotment option
purchase of an additional 1,326,950 common shares. The Company will not receive
any proceeds from the offering. Credit Suisse is the sole underwriter of
the offering on behalf of the selling shareholders.
A
registration statement relating to these securities was declared effective by
the Securities and Exchange Commission on November 2, 2010. This offering is
being made by the selling shareholders only by means of a written prospectus
forming part of the effective registration statement. Copies of the
prospectus may be obtained from the offices of Credit Suisse, Attention: Credit
Suisse Prospectus Department, One Madison Avenue, New York, New York 10010;
telephone: 1-800-221-1037. Copies of the registration statement and
the prospectus are also available on the SEC’s website at www.sec.gov.
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.
About Stoneridge,
Inc.
Stoneridge,
Inc., headquartered in Warren, Ohio, is an independent designer and manufacturer
of highly engineered electrical and electronic components, modules, and systems
principally for the medium- and heavy-duty truck, automotive, and agricultural
and off-highway vehicle markets.
For more
information, contact:
Kenneth
A. Kure, Corporate Treasurer and Director of Finance
330/856-2443