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News
4 November 2009
Exercising of over-allotment option boosts Veeco stock offering proceeds to $130m
Epitaxial deposition, process, and metrology equipment maker Veeco Instruments Inc of Plainview NY, USA has closed its public offering of common stock (announced on 26 October).
Veeco sold 5,750,000 shares (including 750,000 representing full exercise of the underwriters' 30-day over-allotment option) at a public offering price of $23.75 per share.
After deducting offering expenses, underwriting discounts and commissions payable by Veeco, net proceeds are $130.1m. These will be used for general corporate purposes, including potential acquisitions.
See related items:
Veeco prices stock offering to yield $118.8m
LED backlighting drives Veeco’s return to profit
Veeco orders double on booming MOCVD system demand
Search: Veeco
Visit: www.veeco.com
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