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Rail News Home Railroading Supplier Spotlight

11/11/2003



Rail News: Railroading Supplier Spotlight

Wabtec Corp. names price for secondary offering of common stock


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Wabtec Corp. plans to sell its previously announced 4.8 million shares of common stock in an underwritten secondary offering at $14.68 per share.

Wabtec plans to grant an over-allotment option to purchase up to an additional 726,900 shares for underwriters Credit Suisse First Boston and Morgan Stanley, along with BB&T Capital Markets and Morgan Keegan & Co.

The shares will be offered by Charlesbank Equity Fund II L.P., successor to Harvard Private Capital Holdings Inc., Vestar Equity Partners L.P. and Vestar Capital Partners Inc., which have held the shares since 1997.