AFTERMARKET TECHNOLOGY CORP. (ATAC) said Dec. 20 that it had filed a registration statement with the Securities and Exchange Commission, for a proposed public offering totaling 6 million shares of its common stock. The Westmont, Ill.-based high-tech and electronics manufacturer expects to use the net proceeds from the sale of shares to purchase or redeem a portion of its 12% senior subordinated notes due 2004. ATAC did not outline a timetable for either the stock sale or the note redemption. Of the shares to be sold, 2.4 million will be offered by the company and 3.6 million by certain stockholders. In addition, the selling stockholders propose to grant to the underwriters an option to purchase up to 900,000 additional shares of common stock for the purpose of covering over-allotments, if any. Morgan Stanley is the lead manager for the stock offering, while Merrill Lynch & Co. is the co-manager.

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