Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

Bruker BioSciences Prices Stock Offering
Feb 2007
BILLERICA, Mass, Feb. 7, 2007 -- X-ray technology and molecular analysis tool maker Bruker BioSciences said today it priced a public offering of 10.4 million shares of its common stock at $7.10 per share.

That represents a discount of 8 percent to its closing price Tuesday of $7.72 on the Nasdaq, the Associated Press reported.

Bruker BioSciences said it is selling 2,200,000 shares and that 8.2 million are being sold by four selling stockholders, generating net proceeds of approximately $14.7 million to the company and $54.9 million to the selling stockholders.

The company has granted the underwriters an option to purchase up to an additional 330,000 shares of common stock, and the selling stockholders have granted the underwriters an option to purchase up to an additional 1,230,000 shares of common stock to cover over-allotments, if any, which would generate additional net proceeds to the company of approximately $2.2 million and to the selling stockholders of approximately $8.3 million.

Proceeds will be used for general corporate purposes, potential acquisitions and for the repayment of debt, Bruker BioSciences said. Proceeds from the sale by stockholders will not go to the company.

Bear, Stearns & Co. Inc. and UBS Investment Bank are acting as joint bookrunning managers for the offering. A registration statement has been filed with the US Securities and Exchange Commission.

For more information, visit:

The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
BiophotonicsBrukerBruker BioSciencecommon stock offeringEmploymentmolecular analysisnanoNews & Featuresphotonicsx-ray technology

Terms & Conditions Privacy Policy About Us Contact Us
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA,

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.