ANADIGICS Prices Offering of Common Stock.WARREN, NJ--(BUSINESS WIRE)--October 27, 1999-- 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 priced its offering of 3.3 million shares of common stock at $34.75 per share on October 26, 1999, an increase of 10% from the originally contemplated 3,000,000 shares. In connection with the offering, ANADIGICS has granted the underwriters the right to purchase up to 495,000 additional shares to cover over-allotments. Goldman, Sachs & Co. acted as lead manager of the offering, and Prudential Securities, CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. and Needham & Company, Inc. acted as co-managers. ANADIGICS designs and manufactures radio frequency integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for (RFIC RFIC Radio Frequency Integrated Circuit RFIC Radio Frequency Interface Chip ) solutions for the broadband and wireless communications markets. The company has filed a registration statement with the Securities and Exchange Commission which has become effective. This press release, however, shall not constitute an offer to sell or the solicitation of an offer to buy the common stock nor shall there be any sale of the common stock in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933 may be obtained from 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 , New York 10004. |
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