CLARENCE, N.Y., Oct. 16, 2000 (PRIMEZONE) -- Wilson Greatbatch Technologies, Inc. (NYSE:GB) (the "Company") today announced that the Company, in connection with its recent initial public offering of the Company's common stock, has issued an additional 750,000 shares of common stock to its underwriters at $16.00 per share to cover over-allotments. The Company's shares of common stock are traded on the New York Stock Exchange under the symbol "GB".
Donaldson, Lufkin, & Jenrette Securities Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint book running managers of the offering, and Banc of America Securities LLC, U.S. Bancorp Piper Jaffray, Inc. and DLJ direct Inc. served as co-managers. The net proceeds from the sale of the shares of common stock to cover the over-allotment will be used to further reduce the Company's existing indebtednedness. Additional information about this offering is available in the Company's prospectus filed with the Securities and Exchange Commission.
Wilson Greatbatch Technologies, Inc. with operations in New York, Maryland and Massachusetts, is a leading developer and manufacturer of power sources and feedthroughs used in implantable medical devices. Wilson Greatbatch Technologies, Inc. is also a leading developer and manufacturer of batteries that require demanding commercial applications including space and oil exploration.
Note: Additional information about Wilson Greatbatch Technologies, Inc. is also available at http://www.greatbatch.com.