CREDENCE SYSTEMS CORPORATION ANNOUNCES PUBLIC OFFERING OF 2,010,000 SHARES OF COMMON STOCK AT $28.75 PER SHARE.FREMONT, Calif.--(BUSINESS WIRE)--June 14, 1995--Credence Systems Corporation (Nasdaq: CMOS (Complementary Metal Oxide Semiconductor) Pronounced "c-moss." The most widely used integrated circuit design. It is found in almost every electronic product from handheld devices to mainframes. ) announced today the public offering of 2,010,000 shares of its Common Stock at $28.75 per share. Of the total shares offered, 1,425,000 shares are being sold by the Company and 585,000 shares are being sold by certain stockholders of the Company. In addition, Credence Systems Credence Systems Corporation (NASDAQ: CMOS), is a manufacturer of test and analytical equipment for the global semiconductor industry. Founded in 1978, it is publicly traded on the Nasdaq stock market under the symbol CMOS. Corporation has granted to the underwriters a thirty-day option to purchase 301,500 additional shares of Common Stock to cover over-allotments, if any. Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. Inc. and Cowen & Company are underwriters for the offering. 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). to the Company will be used for capital expenditures and general corporate purposes, including working capital. Credence Systems Corporation is a leading manufacturer of automatic test equipment (ATE) that serves a broad spectrum of the worldwide semiconductor industry's testing needs. Credence, together with its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , EPRO, offers a wide range of products with test capabilities for digital, mixed-signal, and non-volatile memory semiconductors. Credence utilizes its proprietary CMOS technologies to design products that provide a lower total cost of ownership while meeting the increasingly demanding performance requirements of today's ATE market. The Company is headquartered in Fremont, California, with manufacturing in Beaverton, Oregon and Santa Clara, California Santa Clara, California (IPA: /ˌsæntəˈklærə/) , founded in 1777 and incorporated in 1852, is a city in Santa Clara County, in the U.S. state of California. . Credence is listed on the Nasdaq National Market under the symbol CMOS. CONTACT: Credence Systems Richard Y. Okumoto, 510/657-7400 |
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