Veeco Instruments (VECO) to Sell 5M Shares in Public Offering
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Veeco Instruments Inc. (Nasdaq: VECO) announced today that it has commenced an underwritten public offering of up to 5,000,000 shares of its common stock. The offering includes a 30-day option for the underwriters to purchase up to 750,000 additional shares to cover overallotments, if any. Veeco intends to use the proceeds for general corporate purposes, including potential acquisitions.
Citi and J.P. Morgan are serving as joint book-running managers for the offering. Canaccord Adams Inc. and Piper Jaffray & Co. are acting as co-managers.
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