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Article: Veeco Announces Public Offering of Its Common Stock.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Veeco Instruments Inc. (Nasdaq: VECO) announced that it has commenced an underwritten public offering of up to 5,000,000 shares of its common stock. The offering includes a 30-day option for the underwriters to purchase up to 750,000 additional shares to cover overallotments, if any. Veeco intends to use the proceeds for general corporate purposes, including potential acquisitions.
Citi and J.P. Morgan are serving as joint book-running managers for the offering. Canaccord Adams Inc. and Piper Jaffray & Co. are acting as co-managers.
The shares will be issued pursuant to a shelf registration statement that was filed with the SEC and became effective ...