Search
Menu
Excelitas Technologies Corp. - X-Cite Vitae LB 11/24

Bruker BioSciences Prices Stock Offering

Facebook X LinkedIn Email
BILLERICA, Mass, Feb. 7, 2007 -- X-ray technology and molecular analysis tool maker Bruker BioSciences said today it priced a public offering of 10.4 million shares of its common stock at $7.10 per share.

That represents a discount of 8 percent to its closing price Tuesday of $7.72 on the Nasdaq, the Associated Press reported.

Bruker BioSciences said it is selling 2,200,000 shares and that 8.2 million are being sold by four selling stockholders, generating net proceeds of approximately $14.7 million to the company and $54.9 million to the selling stockholders.

The company has granted the underwriters an option to purchase up to an additional 330,000 shares of common stock, and the selling stockholders have granted the underwriters an option to purchase up to an additional 1,230,000 shares of common stock to cover over-allotments, if any, which would generate additional net proceeds to the company of approximately $2.2 million and to the selling stockholders of approximately $8.3 million.

Proceeds will be used for general corporate purposes, potential acquisitions and for the repayment of debt, Bruker BioSciences said. Proceeds from the sale by stockholders will not go to the company.

Bear, Stearns & Co. Inc. and UBS Investment Bank are acting as joint bookrunning managers for the offering. A registration statement has been filed with the US Securities and Exchange Commission.

For more information, visit: www.bruker-biosciences.com
Excelitas PCO GmbH - PCO.Edge 11-24 BIO MR

Published: February 2007
Glossary
nano
An SI prefix meaning one billionth (10-9). Nano can also be used to indicate the study of atoms, molecules and other structures and particles on the nanometer scale. Nano-optics (also referred to as nanophotonics), for example, is the study of how light and light-matter interactions behave on the nanometer scale. See nanophotonics.
photonics
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
BiophotonicsBrukerBruker BioSciencecommon stock offeringEmploymentmolecular analysisnanoNews & Featuresphotonicsx-ray technology

We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.