From the S-3:
Maxtor Corporation is selling shares of its common stock and
Hyundai Electronics America is selling shares of Maxtor common stock.
Maxtor will not receive any proceeds from the sale of the shares by Hyundai
Electronics America. The underwriters named in this prospectus may purchase up
to additional shares of common stock from Maxtor and Hyundai
Electronics America under certain circumstances.
In a separate offering, DECS Trust IV is offering DECS. The
terms of the DECS provide that DECS Trust IV may distribute shares of Maxtor
common stock owned by Hyundai Electronics America to DECS holders on or about
, 2002, or earlier in certain circumstances, if DECS Trust IV is
liquidated. DECS Trust IV may distribute an additional shares of
Maxtor common stock owned by Hyundai Electronics America to cover rights to
purchase additional DECS granted to the underwriters of the DECS offering.
Then, if you look at the Registration Fee, you can see that the
offering is at least $450 m before overallotments which are usually
15%. That would mean about 28 million shares so far plus another 4
million when the overallotments are taken:
CALCULATION OF REGISTRATION FEE
<TABLE>
<S> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
PROPOSED MAXIMUM PROPOSED MAXIMUM
TITLE OF SHARES AMOUNT TO BE AGGREGATE PRICE AGGREGATE AMOUNT OF
TO BE REGISTERED REGISTERED(1) PER SHARE(2) OFFERING PRICE REGISTRATION FEE(3)
- ---------------------------------------------------------------------------------------------------------------------------
Common Stock,
$0.01 par value(4)... shares $ $150,000,000 $41,700
- ---------------------------------------------------------------------------------------------------------------------------
Common Stock, $0.01 par
value(5)............. shares $ $300,000,000 $83,400
- ---------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------
</TABLE>
I think the offering was priced at $16.12, but don't recall where I read that. |
