IDEX CORPORATION FILES A SECONDARY REGISTRATION
STATEMENT FOR COMMON STOCK
NORTHBROOK, Ill., Mar 8, 2002
-- IDEX Corporation (NYSE: IEX) today announced
that it has filed a secondary registration statement
on Form S-3 with the Securities and Exchange
Commission covering the offering of 2,939,199
shares of IDEX common stock owned by IDEX Associates,
L.P. The shares covered by the registration
statement have been owned by IDEX Associates,
L.P. since the formation of IDEX in January
1988. This offering will not increase the number
of IDEX shares outstanding, and IDEX will not
receive any proceeds from this offering. While
the registration statement enumerates a number
of methods by which the shares can be sold,
IDEX Associates, L.P. has informed IDEX that
it anticipates selling the shares in an underwritten
offering.
Offerings of the shares will be made only by
means of a prospectus filed as part of a registration
statement with the Securities and Exchange Commission.
A registration statement relating to these
securities has been filed with the Securities
and Exchange Commission but has not yet become
effective. The securities may not be sold nor
may any offer 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,
nor shall there be any sale of these securities
in any state in which such offer, solicitation
or sale would be unlawful prior to registration
or qualification under the securities laws of
such state or jurisdiction.
About IDEX
IDEX Corporation is a manufacturer of proprietary
pumps and metering products, dispensing equipment,
and other engineered products. Its products
are sold to a wide range of industries throughout
the world. IDEX shares are traded on the New
York Stock Exchange and Chicago Stock Exchange
under the symbol "IEX."
Forward-Looking Statements
All comments relating to any future period
are forward-looking statements, subject to uncertainties
and risks that could cause actual results to
vary materially from what is suggested here.
These uncertainties and risks include but are
not limited to the following: economic and political
consequences resulting from the September 11,
2001 terrorist actions; levels of industrial
activity and economic conditions in the U.S.
and other countries around the world, pricing
pressures and other competitive factors, and
levels of capital spending in certain industries,
all of which could have a material effect on
order rates and the company's results, particularly
in light of the low levels of order backlogs
IDEX typically maintains; IDEX's ability to
integrate and operate acquired businesses on
a profitable basis; the relationship of the
U.S. dollar to other currencies, and its impact
on pricing and cost competitiveness; interest
rates; utilization of IDEX's capacity and the
affect of capacity utilization on costs; labor
market conditions and materials costs; developments
with respect to contingencies, such as litigation
and environmental matters; and other risks detailed
from time to time in the company's filings with
the Securities and Exchange Commission. IDEX
does not undertake any obligation to update
any forward-looking statements.
For further information on IDEX Corporation
and its business units, visit the company's
Website at www.idexcorp.com.
Contacts:
Wayne P. Sayatovic,
Senior Vice President-Finance
IDEX Corporation
+1-847-498-7070
or
Lynne Franklin - General inquiries
+1-847-729-5716
Bill Schmidle - Analysts
+1-312-640-6753
Al Orendorff - Media
+1-312-640-6775
all of FRB Weber Shandwick Worldwide
Back to 2002 Archive
|
