ANADIGICS, Inc. files registration statement to offer up to 2,347,739 common shares.WARREN, N.J.--(BUSINESS WIRE)--Jan. 31, 1997--ANADIGICS, Inc. (Nasdaq: ANAD ANAD Anorexia Nervosa and Associated Disorders ANAD National Association of Anorexia Nervosa and Associated Disorders ANAD Anniston Army Depot ANAD Asociación Nacional de Abogados Democráticos (National Association of Democratic Lawyers, Mexico) ) today announced that it has filed a registration statement with the Securities and Exchange Commission with respect to a proposed stock offering of up to 2,347,739 shares of common stock. 1,875,000 shares are expected to be offered by the Company and 166,513 shares are expected to be offered by selling stockholders. In connection with the proposed common stock offering, the Company has granted the underwriters an over- allotment option to purchase up to an additional 306,226 newly-issued shares. Goldman, Sachs & Co. will be the lead manager, and Oppenheimer & Co., Inc.and Needham & Company, Inc. will be acting as co-managers in the proposed offering. The Company will use approximately $50 million of its net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). to purchase capital equipment and make leasehold improvements Leasehold Improvement Improvements on a leased asset that increase the value of the asset. Notes: A leasehold improvement is classified as an asset that must be depreciated over time. , and will use the remainder of the proceeds for general corporate purposes, including working capital. The Company will receive no proceeds from the sale of shares of common stock by the selling shareholders. The number of shares being offered reflects a 3-for-2 stock split by declaration of a stock dividend payable on February 20, 1997 to holders of record on February 10, 1997. A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the securities referenced above has been filed with the Securities and Exchange Commission but has not yet become effective. The securities referenced above may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities referenced above, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. A prospectus relating to the offering may be obtained at the offices of Goldman, Sachs & Co., 85 Broad Street, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10004; Oppenheimer & Co., Inc., 200 Liberty Street, New York, NY 10281; and Needham & Company, Inc., 445 Park Avenue, New York, NY 10022. ANADIGICS, Inc. is a leading supplier of gallium arsenide An alloy of gallium and arsenic compound (GaAs) that is used as the base material for chips. Several times faster than silicon, it is used in high frequency applications such as cellphones, DVD players and fiber optics. integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. used to receive and transmit radio and microwave frequency signals in a variety of high volume consumer communications applications. The Company primarily focuses on supplying to the cable television, direct broadcast satellite television, fiber optic telecommunications, and wireless communication markets. ANADIGICS's objective is to be the leading supplier of RF/microwave solutions using GaAs integrated circuits. http://www.anadigics.com CONTACT: ANADIGICS, INC. 908-668-5000 Ronald Rosenzweig President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. John Lyons John Lyons may refer to:
Chief Financial Officer 908-412-5972 or Michele Katz/Jessica Davis Press: Lee Foley Morgen-Walke Associates, Inc. 212-850-5600 |
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