Beckman Instruments Inc., a Fullerton-based manufacturer of...

Beckman Instruments Inc., a Fullerton-based manufacturer of medical and scientific instruments, said it will make an initial public offering of 4.5 million shares of common stock at a price of $19 per share. Of the shares, 3.6 million are being sold in the United States through an underwriting group led by Goldman, Sachs & Co. Concurrently, 900,000 shares are being sold abroad through an underwriting group led by Goldman, Sachs International Ltd. Beckman is a division of Philadelphia-based SmithKline Beckman Corp., which continues to hold 84.2% of Beckman’s stock. The public sale of Beckman stock is part of a recent reorganization undertaken by SmithKline Beckman and is intended to give the profitable instrument manufacturing subsidiary greater visibility among investors.