MagnaChip (MX) Announces 7M Common Offering
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MagnaChip Semiconductor Corporation (NYSE: MX), announced that, subject to market conditions, certain of its stockholders (the "selling stockholders") intend to offer and sell 7,000,000 shares of MagnaChip's common stock in an underwritten registered public offering. In addition, the selling stockholders intend to grant the underwriters of the common stock an option to purchase an additional 1,050,000 shares of common stock. MagnaChip will not receive any proceeds from the sale of its common stock by the selling stockholders.
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