MEDINA, Ohio, March 26 /PRNewswire-FirstCall/ --
RPM, Inc. (NYSE: RPM) today announced that it has priced a public offering of
10.0 million shares of its common stock at a price of $14.25 per share. All
of the shares were offered by RPM, Inc. In addition, the Company has granted
the underwriters an option to purchase an additional 1.5 million shares of
common stock to cover over-allotments, if any.
J.P. Morgan Securities Inc. and Lehman Brothers Inc. are acting as joint
bookrunners of the offering. Merrill Lynch & Co., Robert W. Baird & Co. and
McDonald Investments Inc. are acting as co-managers. The offering is expected
to close on April 2, 2002. Information about this offering is available in
the prospectus filed with the Securities and Exchange Commission.
A registration statement relating to these securities has been filed with
and declared effective by the Securities and Exchange Commission. This press
release shall not constitute an offer to sell or the solicitation of an offer
to buy nor shall there be any sale of these securities in any state in which
such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.
RPM, Inc. is a world leader in specialty coatings serving both industrial
and consumer markets. RPM's industrial products include roofing systems,
sealants, corrosion control coatings, flooring coatings and specialty
chemicals. Its consumer products are used by professionals and
do-it-yourselfers for home, automotive and boat maintenance and by hobbyists.
Industrial brands include Stonhard, Tremco, Carboline, Day-Glo, Euco and
Dryvit. Consumer brands include Zinsser, Rust-Oleum, DAP, Flecto, Bondo and
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SOURCE RPM, Inc.
/CONTACT: Glenn R. Hasman, vice president - finance and communications
for RPM, +1-330-273-8820./
/Company News On-Call: http://www.prnewswire.com/comp/765075.html/
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