LanOptics (LNO) Offers 1.6M Shares
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LanOptics Ltd. (Nasdaq: LNOP) agreed to issue and sell 1,600,000 of its ordinary shares to Jefferies & Company, Inc. The offering is expected to close on September 20, 2007. The shares are being sold by LanOptics pursuant to an effective shelf registration statement previously filed with the SEC. Jefferies & Company, Inc. is acting as the sole manager of the offering and proposes to offer the shares initially at a price to the public of $18.85 per share.
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