Mellanox Intends Public Offering …
Of 3 million ordinary shares
This is a Press Release edited by StorageNewsletter.com on September 21, 2011 at 2:41 pmMellanox Technologies, Ltd. announced its intention to conduct, subject to market and other conditions, an underwritten public offering of 3,000,000 ordinary shares pursuant to an effective shelf registration statement.
Mellanox Technologies also expects to grant the underwriters of the offering a 30-day option to purchase up to an additional 450,000 ordinary shares in the public offering to cover over-allotments, if any. J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC and Barclays Capital Inc. are acting as the book running managers for the offering. Stifel Nicolaus Weisel is acting as co-manager for the offering.
Mellanox Technologies intends to use the net proceeds from the offering for general corporate purposes, including working capital and potential strategic investments.