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30 October 2009


Veeco prices stock offering to yield $118.8m

Epitaxial deposition, process, and metrology equipment maker Veeco Instruments Inc of Plainview NY, USA has priced its public offering of 5 million shares of its common stock at $23.75 per share (announced on 26 October) to yield gross proceeds of $118.8m. The offering includes a 30-day option for the underwriters to purchase up to 750,000 additional shares to cover over-allotments.

The offering is expected to be completed on 3 November, subject to customary closing conditions. Veeco intends to use the proceeds for general corporate purposes, including potential acquisitions.

See related items:

LED backlighting drives Veeco’s return to profit

Veeco orders double on booming MOCVD system demand

Veeco’s revenues fall 43% after pause in bookings

Despite record MBE orders for solar, Veeco expects 36-46% sales dip in Q1

Veeco hits third quarter revenue guidance, but bookings take a tumble

See: Veeco Company Profile

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