Whoops. . .So much for the vote of confidence. . .
PRI Automation, Inc. Announces Filing of Registration Statement for Public Offering of Shares
BILLERICA, Mass., April 12 /PRNewswire/ -- PRI Automation, Inc. (Nasdaq: PRIA - news), announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed offering of common stock by the company and selling stockholders. The company intends to raise approximately $110 million through the sale of newly issued shares. Selling stockholders, including Mordechai Wiesler, the company's Chairman of the Board, Mitchell Tyson, the company's President and Chief Executive Officer, and Amram Rasiel, a director of the company, intend to sell approximately $37 million of outstanding common stock.
biz.yahoo.com
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