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-99.1 - STONERIDGE INC | v201013_ex99-1.htm |
Exhibit 99.2
FOR IMMEDIATE RELEASE
Stoneridge
Announces Exercise of Over-Allotment Option in Secondary Offering
Warren,
Ohio – November 4, 2010 – Stoneridge, Inc. (NYSE:SRI) announced today that
Credit Suisse Securities (USA) LLC (the “Underwriter”), pursuant to the
Underwriting Agreement, dated November 2, 2010, by and among Stoneridge, Inc.
(the “Company”), the Selling Shareholders named in the Underwriting Agreement
(the “Selling Shareholders”) and the Underwriter, on November 3, 2010, notified
the Selling Shareholders and the Company of the Underwriter’s exercise of its
right to purchase all of the optional securities (consisting of an aggregate of
1,326,950 Common Shares of the Company) from the Selling Shareholders at the
purchase price of $10.75 per Common Share, less underwriting commissions and
discounts. The Company will not receive any proceeds from the
offering.
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