In connection with Forest's filing of its universal shelf registration statement, The Anschutz Corporation (TAC) has exercised certain registration rights that expire in 2005. TAC has requested that Forest include in the registration statement 100% of TAC's holdings or 7,903,438 shares of Forest common stock, including 522,036 shares of common stock that can be acquired upon the exercise of outstanding warrants.
Once the registration statement becomes effective, one or more of these securities may be offered in amounts, at prices, and on terms to be announced when and if the securities are offered. Neither Forest nor TAC has any immediate plans to offer any shares in connection with this registration statement. The specifics of any future underwritten offerings, along with the use of proceeds of any securities offered, will be described in detail in a prospectus supplement at the time of any such offering.
The registration statement on Form S-3 relating to the securities that Forest may offer from time to time in the future has been filed with the SEC, but has not yet become effective. The securities underlying such registration statement may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release 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 state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
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