$49 a share... from their website.
Energy Conversion Devices, Inc. Announces Pricing of Equity Offering
Rochester Hills, Mich., March 1, 2006 — Energy Conversion Devices, Inc. (ECD Ovonics) (NASDAQ:ENER) announced today that it has priced its equity offering of 7,000,000 shares of common stock, including 6,616,928 shares to be sold by the company and 383,072 shares to be sold by certain directors and officers, at a price of $49.00 per share under an effective shelf registration statement previously filed with the Securities and Exchange Commission. The offering was increased by 850,000 shares over the proposed offering announced February 15, 2006. The Company will receive gross proceeds of approximately $324.2 million, before underwriting discounts and commissions and expenses payable by the Company, from the sale of the 6,616,928 shares of common stock.
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Good to see you still posting here Allen.
Later,
Walt |
