BORDEN CHEMICAL, INC. ANNOUNCES ITS INTENTION
TO REGISTER FOR AN INITIAL PUBLIC OFFERING OF
ITS COMMON STOCK
COLUMBUS, Ohio, April 26, 2004--Borden
Chemical, Inc., announced today its intention
to file a registration statement with the U.
S. Securities and Exchange Commission for an
initial public offering of its common stock.
The offering is expected to occur early in the
third quarter of 2004.
All of the shares of common stock to be sold
in the offering will be sold by a selling stockholder
of the company, BW Holdings, LLC, an affiliate
of Kohlberg Kravis Roberts & Co. Borden
Chemical will not receive any of the proceeds
from the shares of common stock sold by the
selling stockholder.
This press release does not constitute an offer
to sell or the solicitation of an offer to buy
the common stock of the company.
CONTACT:
Borden Chemical, Inc.
Peter Loscocco, 614-225-4127
Loscocco@bordenchem.com
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