Datatec would like to inform shareholders that its subsidiary, Westcon Group, Inc. ("Westcon "), has filed a registration statement with the United States Securities and Exchange Commission for an initial public offering of the company`s common stock.
Westcon is a sales channel for Cisco Systems, Nortel Networks, Avaya Communication and other vendors, selling communications and networking equipment products and related services to reseller customers throughout the U.S. and in selected international markets.
UBS Warburg LLC is the lead manager of the offering. Bear, Stearns & Co. Inc., CIBC World Markets Corp. and Robert W. Baird & Co. incorporated are acting as co-managers.
The shares of common stock to be offered in the initial public offering will be offered by Westcon for its own account and will represent new financing.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These Securities may not be sold nor may offers to buy these securities be accepted prior to the time the registration statement becomes effective. This announcement 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 jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Copies of the registration statement can be obtained from www.freeedgar.com
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