Asyst Technologies Completes Follow-On Stock Offering.FREMONT, Calif.--(BUSINESS WIRE)--Nov. 15, 1999-- Asyst Technologies, Inc. (Nasdaq:ASYT), a leading provider of SMIF-based minienvironment and manufacturing automation systems that enable semiconductor manufacturers to protect their wafer (1) A small, thin continuous-loop magnetic tape cartridge that has been used from time to time for data storage and specialized applications. (2) The base unit of chip making. It is a slice taken from a salami-like silicon crystal ingot up to 12" (300mm) in diameter. assets and increase their manufacturing productivity, today announced the completion of its public offering of 2 million shares of its common stock at a price of $40.50 per share, which will result in 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 the Company of approximately $76 million before offering related expenses. All of the shares were sold by the Company. Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. and Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. Inc. acted as co-lead managers and Adams, Harkness & Hill, Inc. and Needham & Company, Inc. acted as co-managers of the underwriting syndicate Underwriting syndicate A group of investment banks that work together to sell new security offerings to investors. The underwriting syndicate is led by the lead underwriter. See also: Lead underwriter. underwriting syndicate See syndicate. . The underwriters have been granted an option to purchase 300,000 shares to cover over-allotments, if any. Asyst plans to use the proceeds of the offering for capital expenditures, working capital and other general corporate purposes. A prospectus for the offering may be obtained by contacting the Prospectus Department of Merrill Lynch Capital Markets, World Financial Center, North Tower, Fifth Floor, 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 10281, (212) 449-4600 or Lehman Brothers, Inc., Equity Syndicate, Three World Financial Center, 200 Vesey Street, New York, NY 10285, (212) 526-9420 Except for statements of historical fact, the statements in this press release are forward-looking. Such statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include, but are not limited to, general economic conditions, semiconductor industry cycles, risks associated with the acceptance of new products and product capabilities and other factors more fully detailed in the Company's most recent Form S-3 Registration Statement. About Asyst Asyst Technologies, Inc. is a leading provider of Standard Mechanical Interface-based minienvironment and manufacturing automation systems that enable semiconductor manufacturers to protect customers' valued assets throughout the manufacturing process while increasing manufacturing productivity. Asyst offers a broad range of 200 mm and 300 mm value assurance technologies that enable the Company to provide semiconductor manufacturers and Original Equipment Manufacturers automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. manufacturing solutions for the transfer of wafers wafers compressed roughage in flat plates useful for feeding to animals in transit. and information between the process equipment and the fab line. Asyst's homepage is located on the World Wide Web at http://www.asyst.com |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion