July 24 (Reuters) - Stella-Jones Inc SJ.TO :
* STELLA JONES INTERNATIONAL S.A. TO SELL ITS REMAINING SHARE OWNERSHIP IN STELLA-JONES INC. THROUGH A BOUGHT PUBLIC OFFERING AND CONCURRENT PRIVATE PLACEMENT FOR AGGREGATE GROSS PROCEEDS OF $876.5 MILLION
* STELLA-JONES - UPON CLOSING OF DEAL, TOM A. BRUCE JONES AND GIANNI CHIARVA WILL STEP DOWN AS CHAIRMAN AND VICE-CHAIRMAN, RESPECTIVELY, OF BOARD
* STELLA-JONES - FOLLOWING COMPLETION OF OFFERING AND PRIVATE PLACEMENT, LA CAISSE, WILL OWN/EXERCISE CONTROL OVER ABOUT 10.9% OF TOTAL SHARES OF CO
* SALE TO OCCUR THROUGH BOUGHT PUBLIC OFFERING OF 8.4 MILLION COMMON SHARES, CONCURRENT PRIVATE PLACEMENT OF 13.1 MILLION COMMON SHARES
* FOLLOWING COMPLETION OF OFFERING AND PRIVATE PLACEMENT, SELLING SHAREHOLDER WILL NO LONGER HOLD ANY SHARES OF STELLA-JONES
* SEES Q2 SALES OF ABOUT $662.3 MILLION
* Q2 REVENUE VIEW C$627.5 MILLION -- THOMSON REUTERS I/B/E/S
* SEES Q2 NET INCOME OF ABOUT $48.1 MILLION