Trinseo (NYSE: TSE), the global materials company and manufacturer of plastics, latex and rubber, opened for trading on June 12 and the executive management team rang the New York Stock Exchange (NYSE) Opening Bell on June 13 while employees from around the globe watched a live web stream of the activities.
Goldman, Sachs & Co., Deutsche Bank Securities Inc., Citigroup and Morgan Stanley & Co. LLC acted as joint book-running managers and the representatives of the underwriters. Upon the closing of the offering, the company expects to raise $218.5 million in gross proceeds by offering 11,500,000 shares.
Copies of the final prospectus related to the offering may be obtained from Goldman, Sachs & Co., via telephone: (866) 471-2526; facsimile: (212) 902-9316; email: firstname.lastname@example.org; or standard mail at Goldman, Sachs & Co., Attn.: Prospectus Department, 200 West Street, New York, NY, 10282; Deutsche Bank Securities Inc., via telephone: (800) 503-4611; email: prospectus.CPDG@db.com; or standard mail at 60 Wall Street, New York, NY 10005-2836; Citigroup, via telephone: (800) 831-9146; or standard mail at c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York, 11717; or Morgan Stanley & Co. LLC, via standard mail Morgan Stanley & Co. LLC, Attn.: Prospectus Dept., 180 Varick Street, 2nd Floor, New York, NY 10014.
Previously called Styron, the company announced plans to change the name of all Styron affiliated companies to Trinseo. Some, but not all, of the Styron companies have completed the name change process and are currently known as Trinseo; Styron companies that have not completed this process will continue to do business as Styron until their respective name changes are complete. Styron's operating companies also continue to do business as Styron at this time.
Trinseo is a global materials company and manufacturer of plastics, latex and rubber. Trinseo’s technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires.
This press release may contain “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements in this press release may include, without limitation, forecasts of growth, revenues, business activity, acquisitions, financings and other matters that involve known and unknown risks, uncertainties and other factors that may cause results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. As a result of the foregoing considerations, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.