ATMI files to offer four mln common shrs
WASHINGTON, Feb 20 (Reuters) - ATMI Inc filed Friday with the Securities and Exchange Commission a registration to
sell up to four million common shares.
Of the total amount, two million common are to be sold by the company and two million common are to be offered by selling
stockholders.
The selling stockholders have granted the underwriters a 30-day overallotment option to buy up to 600,000 additional
common shares, ATMI said.
The offering will be made through Hambrecht & Quist, BT Alex. Brown, NationsBanc Montgomery Securities LLC, Advest
Inc and Needham & Co Inc.
After the offering, outstanding common will total 20,149,676 shares.
Net proceeds will be used for general corporate purposes and working capital, including potential acquisitions, capital
expenditures and research and development.
In the filing, ATMI also announced it had entered into a definitive merger agreement with NOW Technologies in which NOW
would become a wholly-owned subsidiary.
ATMI said it estimated the number of shares to be issued to NOW stockholders would range from 1.35 million to 1.86
million, although the exact number would not be determined until the third trading day prior to the closing.
NOW is a manufacturer and distributor of semiconductor materials packaging systems.
Selling stockholders include Stephen Siegele, director of the company and president of the ADCS division, with an offer of
712,336 common and Lamonte Lawrence, a director of the company, with an offer of 980,000 common shares, ATMI said.
ATMI, based in Danbury, Conn., is a supplier of thin film materials, equipment and services used worldwide in the
manufacture of semiconductor devices. |
