HOUSTON, March 7 /PRNewswire-FirstCall/ -- Dresser-Rand Group Inc. ("Dresser-Rand") , a global supplier of rotating equipment, announced today that it had commenced a secondary offering of 11,596,981 shares of its common stock to be sold by its stockholder, D-R Interholding, LLC, pursuant to its existing automatic shelf registration statement. Dresser-Rand will not receive any proceeds from the sale of shares in the offering. The net proceeds will be distributed by the selling stockholder to affiliates of First Reserve Corporation and to certain members of Dresser-Rand management.
Morgan Stanley is acting as the sole underwriter for the offering.
A prospectus supplement relating to the offering will be filed with the Securities and Exchange Commission. When available, copies of the prospectus supplement and the accompanying base prospectus may be obtained by contacting Morgan Stanley & Co. Incorporated, Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, 866-718-1649, or by e-mail at
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Dresser-Rand is among the largest suppliers of rotating equipment solutions to companies that operate in the worldwide oil, gas, petrochemical, and process industries. Dresser-Rand operates manufacturing facilities in the United States, France, Germany, Norway, and India and maintains a network of 26 service and support centers worldwide.
© 2007 PR Newswire
