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Viasystems Announces Proposed Offering Of Common Stock

Viasystems Group, Inc. (NASDAQ:VIAS), a provider of complex multi-layer printed circuit boards and electro-mechanical solutions, today announced that it is offering to sell, subject to market conditions, 2,000,000 shares of its common stock and its largest shareholder is offering to sell, subject to market conditions, 2,000,000 shares of common stock in a registered public offering. Goldman, Sachs & Co. and Stifel Nicolaus Weisel are acting as joint book-running managers. Wells Fargo Securities, Houlihan Lokey, Maquarie Capital, and Needham & Company, LLC are co-managers. The underwriters will have an option to purchase up to an additional 300,000 shares of common stock from the Company and 300,000 shares from the selling shareholder. The net proceeds received by the Company from the offering will be used for working capital and general corporate purposes.

A registration statement (including a prospectus) relating to these securities was declared effective by the Securities and Exchange Commission (“SEC”) on April 7, 2011 and the Company has filed a related preliminary prospectus supplement with the SEC. Before you invest, you should read the prospectus and preliminary prospectus supplement included in that registration statement and other documents the Company has filed with the SEC for more complete information about the Company and its common stock. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, a prospectus relating to the offering may be obtained from Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282, telephone: (866) 471-2526, facsimile: (212) 902-9316, email prospectus-ny@ny.email.gs.com or Stifel Nicolaus Weisel, One Montgomery Street, Suite 3700, San Francisco, California 94104, telephone: (415) 364-2720.

This release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there by any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The offering of the common stock will be made only by means of the preliminary prospectus supplement and the related prospectus. The common stock being offered has not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the registration statement, the prospectus contained therein or the preliminary prospectus supplement.

Stock quotes in this article: VIAS 

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