Veeco Completes Common Stock Offering
November 03, 2009
PLAINVIEW, N.Y.--(BUSINESS WIRE)--Nov. 3, 2009-- Veeco Instruments Inc. (Nasdaq: VECO) announced today that it has closed its recent public offering of common stock. Veeco sold 5,750,000 shares of common stock (including 750,000 shares representing full exercise of the underwriters’ overallotment option granted in connection with the public offering) at a public offering price of $23.75 per share. The exercise of the overallotment option brings the total net proceeds of the public offering to $130.1 million, after deducting offering expenses, underwriting discounts and commissions payable by Veeco. Veeco intends to use the proceeds from the offering for general corporate purposes, including potential acquisitions.
Citi and J.P. Morgan served as joint book-running managers for the offering. Canaccord Adams Inc. and Piper Jaffray & Co. acted as co-managers.
Copies of the prospectus supplement and the related base prospectus for the offering may be obtained from Citi, Brooklyn Army Terminal, 140 58th Street, Brooklyn, New York 11220 (Tel. 800-831-9146), or J.P. Morgan Securities Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York, 11717 (Tel. 631-254-1735).
This press release is for informational purposes only and is not an offer to sell or the solicitation of an offer to buy any security of Veeco, nor will there be any sale of such security in any jurisdiction in which such offer, sale or solicitation would be unlawful. Any offer will be made only by means of the prospectus supplement and related base prospectus or by a free writing prospectus in accordance with SEC rules.
Veeco Instruments Inc. manufactures enabling solutions for customers in the HB-LED, solar, data storage, semiconductor, scientific research and industrial markets. We have leading technology positions in our three businesses: LED & Solar Process Equipment, Data Storage Process Equipment, and Metrology Instruments. Veeco’s manufacturing and engineering facilities are located in New York, New Jersey, California, Colorado, Arizona, Massachusetts and Minnesota. Global sales and service offices are located throughout the U.S., Europe, Japan and APAC.
To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These risks include, but are not limited to, fluctuations in the market price of Veeco's stock, Veeco's future operating results, other acquisition and investment opportunities available to Veeco, general business and market conditions and other factors. Additional information concerning these and other risk factors may be found in the Business Description and Management's Discussion and Analysis sections of Veeco's Annual Report on Form 10-K for the year ended December 31, 2008 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. Except as required under the federal securities laws and the rules and regulations of the SEC, Veeco does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.
Source: Veeco Instruments Inc.
Veeco Instruments Inc.
SVP Investor Relations & Corporate Communications
516-677-0200 x 1472