Dynamic Materials Corporation Announces Closing of Public Offering of 5,926,982 Shares of Common Stock by SNPE, Inc.
May 16 2006 - 9:00AM
PR Newswire (US)
BOULDER, Colo., May 16 /PRNewswire-FirstCall/ -- Dynamic Materials
Corporation ("DMC") (NASDAQ:BOOM) today announced the closing of
the public offering of 5,926,982 shares of common stock, including
773,085 shares purchased upon exercise of an option granted to the
underwriters to cover over-allotments, at a public offering price
of $35.00 per share. All of the shares sold as part of the offering
were sold by SNPE, Inc. JPMorgan acted as sole bookrunning manager
of the offering. This announcement shall not constitute an offer to
sell or the solicitation of any offer to buy any securities
described herein, nor shall there be any sale of these securities
in any state or jurisdiction in which the offer, solicitation or
sale would be unlawful. A prospectus supplement and the
accompanying prospectus related to the offering have been filed
with the Securities and Exchange Commission and are available on
its website at http://www.sec.gov/. Printed copies of the
prospectus supplement related to the offering may be obtained from:
JPMorgan, National Statement Processing, Prospectus Library, 4
Chase Metrotech Center, CS Level, Brooklyn, NY 11245 (Tel:
718-242-8002). About Dynamic Materials Corporation Based in
Boulder, Colorado, Dynamic Materials Corporation is a leading
international metalworking company. Its products include
explosion-welded clad metal plates and other metal fabrications for
use in a variety of industries, including upstream oil and gas, oil
refinery, petrochemicals, hydrometallurgy, aluminum production,
shipbuilding, power generation, industrial refrigeration and
similar industries. The company operates two business segments:
Explosive Metalworking, which uses proprietary explosive processes
to fuse different metals and alloys, and AMK Welding, which
utilizes various technologies to weld components for use in
power-generation turbines, as well as commercial and military jet
engines. For more information, visit the company's website at
http://www.dynamicmaterials.com/. Except for the historical
information contained herein, this news release contains
forward-looking statements that involve risks and uncertainties
including, but not limited to, the following: our ability to obtain
new contracts at attractive prices; the size and timing of customer
orders and shipment; fluctuations in customer demand; changes to
customer orders; competitive factors; the timely completion of
contracts; the timing and size of expenditures; the timely receipt
of government approvals and permits; the adequacy of local labor
supplies at our facilities; current or future limits on
manufacturing capacity at our various operations; the availability
and cost of funds; and general economic conditions, both domestic
and foreign, impacting our business and the business of the
end-market users we serve; as well as the other risks detailed from
time to time in the company's SEC reports, including the report on
Form 10-K for the year ended December 31, 2005. DATASOURCE: Dynamic
Materials Corporation CONTACT: Geoff High of Pfeiffer High Investor
Relations, Inc., +1-303-393-7044, for Dynamic Materials Corporation
Web site: http://www.dynamicmaterials.com/
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