Burr-Brown Corp. Announces Offering of Convertible Subordinated Notes.Business Editors TUCSON, Ariz.--(BUSINESS WIRE)--Feb. 9, 2000 Burr-Brown Corp. (Nasdaq: BBRC BBRC Biochemical and Biophysical Research Communications BBRC Bellevue Breakfast Rotary Club (Washington state) BBRC Ball Brothers Research Corporation ) Wednesday announced that it intends, subject to market and other conditions, to raise approximately $200 million through an offering of subordinated notes convertible into shares of its common stock to qualified institutional investors qualified institutional investor An institutional investor that is permitted by the Securities and Exchange Commission to trade private placement securities without registering the securities with the SEC. and a limited number of institutional accredited investors. The company stated that it intends to use the 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). of the offering for general corporate purposes, including working capital and capital expenditures. This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities. Any offers of the securities will be made only by means of a private offering memorandum Offering Memorandum A legal document stating the objectives, risks, and terms of investment involved with a private placement. Notes: The private placement of hedge funds necessitates the issue of memorandums. . The securities to be offered will not be registered under the Securities Act of 1933, as amended, or applicable state securities laws, and may not be offered or sold in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. absent registration under the Securities Act and applicable state securities laws or available exemptions from such registration requirements. Burr-Brown Corp. is a worldwide leader in the development, manufacturing and marketing of analog and mixed signal integrated circuits. These products address applications for the communications, computing, consumer and industrial markets. |
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