biz.yahoo.com
"BOXBOROUGH, Mass.--(BUSINESS WIRE)--Jan. 7, 1997-- CYTYC Corp
announced today that it has filed a registration statement for a
proposed public offering of 3,000,000 shares of common stock with the
Securities and Exchange Commission. In the offering, 2,000,000 of the
shares will be offered by the company and 1,000,000 shares will
be offered by Selling Stockholders. The company has also granted to
the underwriters a 30-day option to purchase up to 450,000 shares of
Common Stock solely to cover over-allotments.
Net proceeds of the offering will be used to implement the full-scale
marketing and sales of the ThinPrep System for cervical cancer
screening in the United States and to establish international
marketing, sales and customer support capabilities, with the remainder
to be used for working capital and other general corporate purposes." |
