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Technology Stocks : Semi Equipment Analysis
SOXX 316.33+1.3%Dec 10 4:00 PM EST

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To: Return to Sender who wrote (44949)8/6/2009 9:20:57 AM
From: The Ox2 Recommendations  Read Replies (1) of 95561
 
Kulicke & Soffa Prices Common Stock Offering
Press Release
Source: Kulicke & Soffa Industries, Inc.
On Thursday August 6, 2009, 7:26 am EDT

FORT WASHINGTON, Pa.--(BUSINESS WIRE)--Kulicke & Soffa Industries, Inc. (NASDAQ: KLIC - News) (the “Company”) announced today that it has priced an underwritten public offering of 7.0 million newly issued shares of its common stock at a public offering price of $5.00 per share. Jefferies & Company, Inc. is the sole underwriter for this offering. The Company has granted the underwriter a 30-day option to purchase up to 1.0 million additional shares to cover over-allotments, if any. The offering is expected to close on August 11, 2009, subject to customary closing conditions. The Company intends to use the net proceeds from the offering to fund working capital requirements and for general corporate purposes.
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