The attached press release announcing that DTM has filed for an
initial public offering (IPO) with the U.S. Securities and Exchange
Commission was distributed on the news wires on May 21, 1996
For Immediate Release Contact at BFGoodrich:
May 21, 1996 Rob Jewell (330) 374-2999
John Atkinson (330) 374-2556
Contact at DTM Corporation:
Greg Logwinuk (512) 339-2922
BFGOODRICH SUBSIDIARY DTM CORPORATION
FILES FOR INITIAL PUBLIC OFFERING
AKRON, OHIO: DTM Corporation and The BFGoodrich Company announced
today that DTM(TM) has filed a registration with the Securities and
Exchange Commission relating to an initial public offering of
1,330,000 shares of DTM common stock by DTM Corporation. DTM is a
majority-owned subsidiary of The BFGoodrich Company. It is
anticipated that the initial public offering price of the shares of
DTM common stock will be between $11 and $13 a share.
In addition, the filing with the Securities and Exchange Commission
indicated that 780,000 shares and 404,000 shares are being offered by
The BFGoodrich Company and DTM Holdings Ltd., respectively, as selling
shareholders, for a total number of shares being offered of 2,514,000.
DTM Corporation will not receive proceeds of the shares sold by the
selling shareholders. BFGoodrich currently owns about 91.6 percent of
the outstanding shares of DTM common stock.
In connection with the offering, DTM Corporation and The BFGoodrich
Company will grant the underwriters a 30-day option to purchase up to
377,100 additional shares of common stock to cover over-allotments, if
any. A.G. Edwards & Sons, Inc. and Ladenburg, Thalmann &
Co. Inc. will serve as the lead underwriters for the offering.
Depending on market and other conditions, it is expected that the
public offering will commence following the declaration of
effectiveness of the registration statement by the Securities and
DTM Corporation, headquartered in Austin, Texas, is an international
supplier of rapid prototyping and rapid tooling systems, services and
materials. Through its proprietary and patented selective laser
sintering process, DTM is engaged in the development, design,
manufacture, marketing and support of rapid prototyping and rapid
tooling systems. Rapid prototyping is the creation of a solid
three-dimensional model, prototype or tool insert directly from
three-dimensional computer aided design data. DTM intends to use the
proceeds of the initial public offering primarily to reduce debt,
finance its operations and expand its business.
Following the completion of the initial public offering, assuming the
underwriters' over-allotment option is not exercised, BFGoodrich will
own approximately 5,565,197 shares of DTM common stock, or about 67
percent of the total shares outstanding.
DTM Holding Ltd. is a Texas-based venture capital fund.
BFGoodrich, headquartered near Akron, Ohio, provides aircraft systems
and services and manufactures a wide range of specialty chemicals.
A registration statement relating to these securities has been filed
with the Securities and Exchange Commission. The registration
statement has not yet become effective. These securities may not be
sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. 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 state in which
such offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
DTM(TM) is a trademark of DTM Corporation.
Copyright DTM Corporation
All rights reserved
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