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Article: Veeco Prices Common Stock Offering.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Veeco Instruments Inc. (Nasdaq: VECO) announced that the public offering of 5,000,000 shares of its common stock has priced at $23.75 per share, for gross proceeds of $118.8 million. The offering includes a 30-day option for the underwriters to purchase up to 750,000 additional shares to cover overallotments, if any. Veeco is conducting the offering pursuant to an effective registration statement under the Securities act of 1933. The offering is expected to be completed on November 3, 2009, subject to customary closing conditions. Veeco intends to use the proceeds from the offering for general corporate purposes, including potential acquisitions.
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