MagnaChip (MX) Prices 7M Secondary Offering at $11.40/Share
Tweet Send to a FriendGet Alerts MX Hot Sheet
Up)
Trade MX Now!
MagnaChip Semiconductor Corporation (NYSE: MX), announced that certain of its stockholders priced an underwritten registered public offering of 7,000,000 shares of MagnaChip's common stock at a price per share of $11.40.
The selling stockholders have granted the underwriters of the common stock an option to purchase an additional 1,050,000 shares of common stock. The common stock offering is expected to close on May 7, 2012, subject to customary closing conditions. MagnaChip will not receive any proceeds from the sale of its common stock by the selling stockholders.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The selling stockholders have granted the underwriters of the common stock an option to purchase an additional 1,050,000 shares of common stock. The common stock offering is expected to close on May 7, 2012, subject to customary closing conditions. MagnaChip will not receive any proceeds from the sale of its common stock by the selling stockholders.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Apricus Bio (APRI) Prices 6M Common Stock Offering
- Blackstone Mortgage (BXMT) Prices Larger 22.5M Common Stock Offering
- A.G. Lafley Returns as President/CEO of Procter & Gamble (PG)
Create E-mail Alert Related Categories
Corporate News, Equity Offerings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
