[October 29, 2009] Veeco reports pricing of common stock offering at USD23.75 per share Tweet (EquityBites Via Acquire Media NewsEdge) Veeco Instruments Inc (Nasdaq:VECO), which manufactures enabling solutions for HB-LED, solar, data storage, semiconductor, scientific research and industrial sectors, has priced its public offering of 5,000,000 shares of common stock at USD23.75 per share, the company reported on Wednesday. Veeco expects to raise gross proceeds of USD118.8m from the offering. The offering includes a 30-day option for the underwriters to purchase up to 750,000 additional shares to cover any over-allotments. It is expected to be completed on 3 November 2009, subject to customary closing conditions. The proceeds will be used for general corporate purposes, including potential acquisitions. The joint book-running managers are Citi and J.P. Morgan while the co-managers are Canaccord Adams Inc and Piper Jaffray & Co. ((Comments on this story may be sent to [email protected])) (c) 2009 M2 COMMUNICATIONS [ Back To TMCnet.com's Homepage ]