Borden Chemical Files Registration Statement For IPO of Common Stock
May 2, 2005
Borden Chemical, Inc. recently filed a registration statement, which is not yet effective, with the U.S. Securities and Exchange Commission, for a proposed initial public offering of its common stock. In addition, shares of common stock will be sold by a selling shareholder of the company, an affiliate of Apollo Management, L.P. Borden Chemical will not receive any of the proceeds from the sale of shares by the selling shareholder. Borden Chemical intends to commence the sale of its common stock to the public after completion of a series of mergers and the effectiveness of its registration statement.