[November 04, 2009] Veeco Instruments Sells 5.75 Million Common Shares Tweet (FinancialWire.net Via Acquire Media NewsEdge) (Comment on this article at http://www.financialwire.net/2009/11/04/veeco-instruments-sells-575-million-common-shares/) November 4, 2009 (FinancialWire) -- Veeco Instruments Inc. (NASDAQ: VECO) it has closed its recent public offering of common stock. Veeco sold 5.75 million shares of common stock, including 750,000 shares representing full exercise of the underwriters' overallotment option, for $23.75 per share. Citi (NYSE: C) and J.P. Morgan (NYSE: JPM) served as joint book-running managers. The exercise of the overallotment option brings the total net proceeds to Veeco to $130.1 million. Veeco plans to use the proceeds from the offering for general corporate purposes, including potential acquisitions. Plainview, New York-based Veeco Instruments manufactures serves customers in the HB-LED, solar, data storage, semiconductor, scientific research and industrial markets. The company has technology positions in LED and solar process equipment, data storage process equipment, and metrology instruments. FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via [email protected]. Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279). ((Comments on this story may be sent to [email protected])) (c) 2009 M2 COMMUNICATIONS [ Back To TMCnet.com's Homepage ]