WAYNE, Pa.--(BUSINESS WIRE)--May 20, 2002--Triumph Group, Inc.
(NYSE:TGI) reported today that it filed with the U.S. Securities and
Exchange Commission a registration statement for a secondary public
offering of 2.35 million shares of common stock held by Citicorp
Venture Capital, Ltd.
In addition, the selling stockholder intends to grant the
underwriters an option to purchase up to an additional 352,500 shares
to cover over-allotments. Triumph Group will not receive any of the
proceeds from the sale of the stock.
This offering is being managed by Deutsche Bank Securities and
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 be accepted before the time the registration statement becomes
This press release is not an offer to sell or the solicitation of
an offer to buy in any jurisdiction in which such offer or
solicitation would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction.
Triumph Group, Inc. headquartered in Wayne, Pennsylvania, designs,
engineers, manufactures, repairs and overhauls aircraft components and
industrial gas turbine components and accessories.
The Company serves a broad, worldwide spectrum of the aviation
industry, including commercial airlines and air cargo carriers, as
well as original equipment manufacturers of aircraft and aircraft
components and power generation equipment. The Company also
distributes, processes and fabricates metal products.
||Triumph Group, Inc., Wayne
||JoAnn P. Huston, 610/293-6823 Ext. 104