Alpha Industries Announces Offering of 3 Million Shares of Common Stock.WOBURN, Mass.--(BUSINESS WIRE)--May 26, 1999-- ALPHA INDUSTRIES, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AHAA AHAA Association of Hispanic Advertising Agencies AHAA American Hearing Aid Associates AHAA Adolescent Health and Academic Achievement Study ) today announced the public offering of 3.0 million shares of its common stock at a price of $35.00 per share. Net proceeds from the offering are to be used for working capital and other general corporate purposes, which may include the purchase of equipment, the expansion of facilities and potential acquisitions. Alpha has also granted the underwriters a 30-day option to purchase up to an additional 450,000 shares solely to cover over-allotments. There is no assurance that the over-allotment option will be exercised. The managing underwriters are 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. , Prudential Securities, and U.S. Bancorp Piper Jaffray. A copy of the prospectus relating to this offering may be obtained from CIBC World Markets, CIBC CIBC Canadian Imperial Bank of Commerce CIBC Centres Interinstitutionnels de Bilan de Compétences CIBC Commonwealth Institute of Biological Control (Trinidad) CIBC Commercial International Brokerage Company Oppenheimer Tower, One World Financial Center, 200 Liberty Street, 39th Floor, New York, NY 10281, or from Prudential Securities, 111 8th Ave., New York, NY 10011. Alpha Industries designs, develops, manufactures and markets proprietary radio frequency, microwave frequency and millimeter wave frequency integrated circuits and discrete semiconductors for wireless voice and data communications. The primary applications for our products include wireless handsets for cellular and personal communications services See PCS. , or PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. . We also produce integrated circuits, discrete components and ceramic resonators and ferrites used in wireless base station equipment, cable television, wireless local loop, wireless personal digital assistants and wireless local area networks. A registration statement relating to these securities has been filed with the Securities and Exchange Commission and became effective today. This press release shall not constitute an offer to sell or the solicitation of an offer to buy 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 such state. |
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