Vitesse Semiconductor (VTSS) to Offer Common Stock

December 6, 2012 4:20 PM EST
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Vitesse Semiconductor Corporation (NASDAQ: VTSS) announced that it is offering to sell shares of its common stock in an underwritten public offering.

Needham & Company, LLC is acting as the sole bookrunning manager of the offering. Craig-Hallum Capital Group LLC is acting as co-manager. The offering is expected to price on or about Friday, December 7, 2012. Certain officers and directors of Vitesse Semiconductor Corporation are expected to participate in the offering.

Vitesse Semiconductor did not issue the total shares to be sold in the offering.

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