DM,
Here's the press release on RHAT's secondary offering:
REUTERS) Red Hat and shareholders file to sell 4 mln shares
Red Hat and shareholders file to sell 4 mln shares
WASHINGTON, Jan 14 (Reuters) - Red Hat Inc. <RHAT.O>,
distributor of Linux software, and some of its shareholders
filed on Friday to sell four million shares in a public
offering.
After the offering, there will be about 151.7 million
shares outstanding in the company, the filing said.
The company will sell 2.75 million shares while the
remaining 1.25 million shares will be sold by stockholders who
include Robert Young, its chairman, and Matthew Szulik, its
chief executive and president, according to the prospectus
filed with the Securities and Exchange Commission filing.
Red Hat said it plans to use the net proceeds from the sale
of its shares, an estimated $343.3 million, for working capital
and other general corporate purposes, including geographic
expansion.
The company will not receive any of the proceeds from the
sale of shares by stockholders.
The underwriters, led by Goldman, Sachs & Co., have been
granted the right to purchase 600,000 extra shares in the event
of heavy demand.
Shares of the Durham, N.C.-based company closed up 15/16 to
132-1/4 on Nasdaq.
((--Jeremy Pelofsky, Reuters SEC Desk, 202-898-8399))
REUTERS
I'm now going to vent: SI is SOOOOO damned slow today. I can't even get charts. GRRRRRRR.
Thank you very much. |
