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Allscripts-Misys (MDRX) Commences 25M Common Offering

August 16, 2010 7:12 AM EDT
MDRX Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Down Down)

EPS Growth %: -42.9%
Allscripts-Misys Healthcare Solutions, Inc. (Nasdaq: MDRX) today announced that it has commenced an underwritten public offering of 25,000,000 shares of its common stock on behalf of certain wholly-owned subsidiaries of Misys plc, Allscripts' majority stockholder. The shares are being sold by Misys to reduce its equity stake in Allscripts pursuant to the Framework Agreement between Misys and Allscripts, as previously announced in connection with Allscripts' pending merger with Eclipsys Corporation (Nasdaq: ECLP). The offering includes an option for the underwriters to purchase up to 3,750,000 additional shares from the selling stockholders to cover over-allotments, if any.

Allscripts will not sell any shares in the offering and will not receive any proceeds from the offering.

Credit Suisse, Barclays Capital, J.P. Morgan and UBS Investment Bank will act as joint book-running managers of the offering.


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