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News
10 January 2007
Aviza to offer 4 million shares of common stock
Etch and deposition equipment maker Aviza Technology Inc of Scotts Valley, CA, USA has filed a registration statement with the US Securities and Exchange Commission for a public offering of 4 million shares of its common stock. Aviza has granted Needham & Company LLC an option to purchase up to 600,000 additional shares to cover over-allotments.
Aviza intends to use the net proceeds for working capital, R&D and other general corporate purposes, which may include repaying borrowings under its mortgage and revolving lines of credit.
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