Cymer exchanges stock for working capital

17 Jun 2002

Cymer (San Diego, CA) has filed a registration statement with the US Securities and Exchange Commission to sell up to 1.7 million shares of common stock. Of the total, 1 million shares will be offered by the company with the remainder sold by stockholders. After the offering, outstanding shares will number 13.42 million. Stockholders have granted the underwriters, headed by Morgan Stanley (New York, NY), a 30-day overallotment option to purchase up to 255,000 additional common shares.The company says proceeds from the sale will be used for expansion of manufacturing capacity and general purposes, including working capital.
Courtesy of Laser Focus World