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Technology Stocks : ATMI-THE NEXT AMAT? -- Ignore unavailable to you. Want to Upgrade?

To: Paul Lee who wrote (255)	2/20/1998 10:40:00 AM
From: JakeStraw	Respond to of 677

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.