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Merix Announces Exercise of Over-Allotment Option of 500,000 Shares of Common Stock by Underwriters
February 4, 2004 |Estimated reading time: Less than a minute
Forest Grove, Ore. — Merix Corp. announces that the underwriters of its public offering of 3.6 million shares of common stock, including 400,000 shares of common stock to be sold by selling shareholder Tektronix Inc., at a price of $25.21 per share have exercised their option to purchase 500,000 additional shares of common stock from the company to cover over-allotments.
The aggregate public offering price of the over-allotment shares is $12.6 million.
UBS Investment Bank is acting as sole book-running manager of Merix's public offering. Thomas Weisel Partners LLC is acting as the co-lead manager, and Needham & Co. Inc. and Wells Fargo Securities LLC are acting as co-managers of the offering. Registration statements relating to these securities filed with the Securities and Exchange Commission became effective on January 28, 2004.
Merix is a leading manufacturer of technologically advanced printed circuit boards for use in sophisticated electronic equipment.