SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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F O R M 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2007
TAT TECHNOLOGIES LTD.
(Name of Registrant)
P.O.BOX 80, Gedera 70750 Israel
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate by check mark whether by furnishing the information
contained in this Form, the registrant is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82-_________
TAT Technologies Ltd.
6-K Items
1. Press Release re TAT's Subsidiary Limco-Piedmont Announces Public
Offering of its Common Stock at a Price Per Share of $11.00, With Net
Proceeds to Limco-Piedmont and TAT of Approximately $43.7 Million
dated July 19, 2007.
ITEM 1
Press Release Source: TAT Technologies Ltd
TAT's Subsidiary Limco-Piedmont Announces Public Offering of its Common Stock at
a Price Per Share of $11.00, With Net Proceeds to Limco-Piedmont and TAT of
Approximately $43.7 Million
Thursday July 19, 9:00 am ET
GEDERA, Israel, July 19 /PRNewswire-FirstCall/ -- TAT Technologies Ltd.(NASDAQ:
TATTF - News) announced today that its wholly-owned subsidiary, Limco-Piedmont
Inc., announced the pricing of a public offering of 4,400,000 shares of its
common stock at a price to the public of $11.00 per share. Of such shares,
3,765,000 shares are being sold by Limco-Piedmont and 635,000 are being sold by
the Company. The underwriters have been granted an option for a period of 30
days to purchase up to an additional 440,000 shares from Limco-Piedmont and
220,000 shares from the Company to cover over-allotments, if any.
Net proceeds to Limco-Piedmont from the offering are expected to be
approximately $37.2 million (not including any over-allotment shares). Net
proceeds to the Company from the offering are expected to be approximately $6.5
million (not including any over-allotment shares). The Company expects to
recognize a gain, before taxes of approximately $23.7 million based on its sale
of 635,000 shares and the sale of 3,765,000 newly issued shares by
Limco-Piedmont.
The underwriters of the offering are Oppenheimer & Co. Inc. and Stifel, Nicolaus
& Company, Incorporated. Copies of the final prospectus may be obtained from
Oppenheimer & Co. Inc., 125 Broad Street, 15th floor, New York, NY 10004,
Telephone +1-(212)-668-8000. Electronic copies of the registration statement are
available from the Securities and Exchange Commission's website address at
www.sec.gov.
A registration statement relating to these securities has been filed with, and
declared effective by, the Securities and Exchange Commission. This announcement
shall not constitute an offer to sell or 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 such jurisdiction.
About Limco-Piedmont Inc.
Limco-Piedmont Inc. provides maintenance, repair and overhaul, or MRO, services
and parts supply services to the aerospace industry. Limco-Piedmont's four
Federal Aviation Administration certified repair stations provide aircraft
component MRO services for airlines, air cargo carriers, maintenance service
centers and the military. Limco-Piedmont specializes in MRO services for
components of aircraft, such as heat transfer components, auxiliary power units,
propellers, landing gear and pneumatic ducting. In conjunction with
Limco-Piedmont's MRO services, Limco-Piedmont is also an original equipment
manufacturer of heat transfer equipment for airplane manufacturers and other
related products. Limco-Piedmont's parts services division offers inventory
management and parts services for commercial, regional and charter airlines and
business aircraft owners.
Limco-Piedmont was incorporated on February 28, 2007 as a successor to
Limco-Airepair, Inc., which was incorporated in Oklahoma in 1995 upon the merger
of three aerospace companies that had been acquired by TAT Technologies Ltd.
from 1992 to 1995.
About TAT Technologies Ltd.
TAT, together with its subsidiaries, is principally engaged in the manufacture,
repair and overhaul of heat transfer equipment, such as heat exchangers,
precoolers and oil/fuel hydraulic coolers used in aircraft, defense systems,
electronic equipment and other applications. In addition the Company
manufactures and overhauls aircraft accessories and systems such as pumps,
valves, power systems, turbines, etc.
TAT TECHNOLOGIES LTD
P.O.BOX 80, GEDERA 70750
ISRAEL
Company Contact:
Mr. Israel Ofen
Executive Vice-President and Chief Financial Officer
+972-8-859-5411
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
TAT TECHNOLOGIES LTD.
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(Registrant)
By: /s/Israel Ofen
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Israel Ofen
Executive Vice President and
Chief Financial Officer
Date: July 19, 2007