PRI Automation, Inc. Commences Follow-On Public Offering of Common Stock
BILLERICA, Mass., May 12 /PRNewswire/ -- PRI Automation, Inc. (Nasdaq: PRIA - news; Toronto: PIJ - news), announced today that it had commenced a follow- on public offering of 1,705,000 shares of its common stock at a price of $64.00 per share. In the offering, 1,400,000 shares were offered by PRI Automation and 305,000 shares were offered by certain stockholders. The underwriters have been granted an option to purchase 255,750 additional shares from PRI Automation to cover over-allotments, if any.
The offering is being lead managed by Morgan Stanley Dean Witter and Goldman, Sachs & Co. and co-managed by Banc of America Securities LLC, CIBC World Markets, Robertson Stephens, and Adams Harkness and Hill, Inc. A copy of the Prospectus relating to the offering may be obtained from the prospectus departments of Morgan Stanley Dean Witter at 1585 Broadway, New York, NY 10036 and Goldman, Sachs & Co., at 85 Broad Street, New York, NY 10004.
A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission. This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the shares in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
About PRI Automation
PRI Automation, Inc., headquartered in Billerica, Massachusetts, is a leading global supplier of advanced automation systems and software to the semiconductor industry. PRI provides a complete and flexible hardware and software solution that optimizes the flow of products, data, materials and resources throughout the production chain. The company has thousands of systems installed at approximately one hundred locations throughout the world. For more information visit PRI online at www.pria.com.
SOURCE: PRI Automation, Inc. |
