August 10, 2010 (FinancialWire) — Libbey Inc. (AMEX: LBY) said it has filed a preliminary prospectus supplement for a proposed underwritten secondary public offering of 3,826,088 shares of common stock on behalf of Merrill Lynch PCG, Inc. The selling stockholder will also grant the underwriters a 30-day option to purchase up to an additional 573,913 shares of common stock, on the same terms and conditions, to cover over-allotments, if any.

Libbey will not sell any shares in the offering or receive any proceeds from the offering. BofA Merrill Lynch (NYSE: BAC) will act as sole book-running manager of the equity offering.

Ohio-based Libbey is a manufacturer of glass tableware. The company is a main supplier of tabletop products for the U.S. foodservice industry, and supplies products to foodservice, retail, industrial and business-to-business customers in over 100 countries.

Libbey operates glass tableware manufacturing plants in the United States in Louisiana and Ohio, as well as in Mexico, China, Portugal and the Netherlands. Its Crisa subsidiary, located in Monterrey, Mexico, is a producer of glass tableware in Mexico and Latin America.

Its Royal Leerdam subsidiary, located in Leerdam, Netherlands, produces and sells glass stemware to retail, foodservice and industrial clients. Its Crisal subsidiary is located in Portugal.

Libbey’s Syracuse China subsidiary designs and distributes a line of ceramic dinnerware, principally for foodservice establishments in the United States. Its World Tableware subsidiary imports and sells a line of metal flatware and holloware and an assortment of ceramic dinnerware and other tabletop items principally for foodservice establishments in the United States.

The company’s Traex subsidiary, located in Wisconsin, designs, manufactures and distributes a line of plastic items for the foodservice industry. In 2009, Libbey posted net sales totaled $748.6 million.

Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://investrend.stocksmart.com/ss/html/hpcompany.html). Current valuation analysis research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://www.valuengine.com/rep/searchsrep?pid=42&srchfor=).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public other companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation from subject entities, companies, equities, or representatives thereof, for its news, opinions or distributions. Further disclosure is posted at the FinancialWire(tm) website (at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Copyright © MMX, FinancialWire(tm); All rights reserved.

[hlmsmlh] [mnfctrng] [offrngnrf] [ffddbvrg]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.