YAVNE, ISRAEL – Software provider Valor
Computerized Systems plans an initial public offering of ordinary shares,
according to a Securities and Exchange Commission filing.
The company did not disclose the expected size or price
range of the IPO, but indicated the planned March offering may net up to $80.5 million.
The company plans to offer $50 million of shares, while
shareholders will make an offer to sell of up to an additional $20 million of
their shares and underwriters will be granted options for an additional $10.5
million worth of shares.
For the nine months ended Sept. 30, Valor's earnings were
$2.2 million on revenue of $31.4 million.
currently traded on the Frankfurt
Exchange, said its
new symbol will be "VLOR."
CHICAGO - Tapco Circuit Supply announced that it has acquired the PCB division of H.A.M Technology USA. According to Tapco president Kurt Palmer the acquisition is part of the company’s North American investment strategy. H.A.M. Technology is a supplier of drill room products including drill and router bits.