Investor
Contacts:
Rodney L. Underdown
(913-344-9395)
Vice President and Chief Financial Officer |
Media
Contact:
Peggy Landon (913-344-9315)
Director of Investor Relations |
Peggy
Landon (913-344-9315)
Director
of Investor Relations |
|
Compass Minerals International Completes
Initial Public Offering
Over-Allotment Shares are Sold
OVERLAND PARK, Kan. (December 17, 2003) –
Compass Minerals International Inc. (NYSE: CMP) has completed its
initial public offering of 16,675,000 shares of common stock, which
includes 2,175,000 shares of common stock sold to the underwriters
in connection with the exercise of their over-allotment option.
The stock commenced trading on December 12, 2003.
Goldman, Sachs & Co. and Credit Suisse First Boston
led the offering. The shares were sold by selling stockholders of
the company, which included Apollo Management Inc., IMC Global Inc.
(NYSE: IGL) and employees of the company and its subsidiaries. The
company did not receive any of the proceeds from the sale of shares
by the selling stockholders.
A copy of the prospectus relating to this offering
may be obtained from Goldman, Sachs & Co., 85 Broad Street,
New York, New York, 10004, Attn: Prospectus Department, or Credit
Suisse First Boston LLC, One Madison Avenue, New York, New York
10010 (212-325-2580), Attn.: Prospectus Department.
The company’s listing application includes additional
information upon which the New York Stock Exchange relied to list
the company. This information is available to the public upon request
to the NYSE.
A registration statement relating to these securities
was filed with and declared effective by the Securities and Exchange
Commission. The public offering is being made by means of a prospectus.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy common stock of Compass, nor shall
there be any sale of the securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to the registration or qualification of the securities under the
securities laws of any such state or jurisdiction.
About Compass Minerals
Compass is the largest producer of rock, or highway deicing, salt
in North America and the United Kingdom and operates the largest
highway deicing salt mines in these regions. The company is also
the third largest producer of general trade salt in North America
and the second largest in the United Kingdom, serving major retailers,
agricultural cooperatives and food producers. In addition, Compass
is the largest producer of sulfate of potash in North America, which
is used in the production of specialty fertilizers.
Certain
statements in this press release may contain forward-looking statements
within the meaning of the Private Securities Litigation Reform
Act of 1995. These statements are based on the Company's current
expectations and involve risks and uncertainties that could cause
the Company's actual results to differ materially from those set
forth in the statements. There can be no assurance that such expectations
will prove to be correct. Factors that could cause the Company's
results to differ materially from current expectations include:
general economic and business conditions, industry trends, weather,
raw material costs and availability, changes in demand for the
Company's products, actions of the Company's competitors and the
additional factors and risks contained in the Company's registration
statement on Form S-1 filed with the Securities and Exchange Commission
on December 12, 2003.
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