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The Industrial Calendar of Events The Industrial Classifieds (8-20-96) Have you subscribed to SOL Groove? |
Marker Files for Public Offering |
PR: PCIE Signs Agreement To Purchase Third Rail (6-26-96) PR: Marker Buys Additional 55% of DNR SportSystems, Ltd. |
| Salt Lake City--(Business Wire)--June 20, 1996-- Marker International
(NASDAQ:MRKR) announced today that it has filed a Registration Statement
with the Securities and Exchange Commission for a public offering of 3,400,000
shares of Common Stock, of which 2,500,000 shares will be sold by Marker
and 900,000 shares will be sold by Henry E. Tauber, Chairman of the Board
and President of the Company and a principal shareholder of the Company.
In addition, the Company and Mr. Tauber have granted the underwriters an
over-allotment option to purchase up to 510,000 additional shares. The shares
will be offered through an underwriting group led by Allen & Company
Incorporated and Piper Jaffray Inc.
The Company intends to use substantially all of the net proceeds from the offering to fund the purchase of an additional 55% equity interest in Switzerland-based DNR Sportsystem Ltd., a company in which Marker currently holds a 25% equity interest. Upon acquisition of the additional equity interest, the Company's ownership of DNR Sportsystem will increase to 80%. DNR Sportsystem is a leading developer, marketer and distributor of snowboards, snowboard boots, snowboard bindings and other related products. Marker International, through its subsidiaries in the United States, Germany, Japan, Austria, Canada and Switzerland, is a leading manufacturer and marketer of alpine ski and snowboard bindings throughout the world. Marker LTD, Salt Lake City, USA, the Company's soft goods subsidiary, designs, distributes and markets the Company's clothing, luggage and glove products. A Registration Statement relating to Marker's Common Stock has been filed with the Securities and Exchange Commission, but has not yet become effective. The Common Stock may not be sold, nor may offers to buy be accepted, prior to the time the Registration Statement becomes effective. This communication shall not constitute an offer to buy nor shall there be any sale of the Common Stock 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 state. CONTACT: Marker International Andrea Williams, 801/972-2100 |
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