BEAVERTON, Ore., May 13 -- Planar Systems Inc., producer of flat-panel display systems, said it has completed a private placement of common stock with an institutional investor. Proceeds of the financing will be used for working capital and general corporate purposes. A.G. Edwards & Sons Inc. served as the placement agent. "Our cash position following the recent acquisition of Dome Imaging Systems was adequate, at about $11 million, but our flexibility is better served by replenishing the account," said Steve Buhaly, Planar CFO. "The timing and terms of this placement were favorable, and it...Read full articleRelated content from Photonics Media