… At Pricing of $95 Million for Ordinary Shares
Or $31.75 per share
This is a Press Release edited by StorageNewsletter.com on September 21, 2011 at 2:41 pmMellanox Technologies, Ltd.
announced announced the pricing of an underwritten public offering of 3,000,000 newly issued ordinary shares at a price to the public of $31.75 per share.
Mellanox Technologies also granted the underwriters a 30-day option to purchase up to an additional 450,000 ordinary shares to cover over-allotments, if any. Mellanox Technologies anticipates aggregate net proceeds from the offering to be approximately $90.5 million, assuming no exercise by the underwriters of their over-allotment option.
The offering is expected to close on or about September 26, 2011, subject to customary closing conditions. 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.