Finisar Corporation Announces Pricing of Upsized Offering of Common Stock
The Company increased the size of the offering from 7,200,000 shares to 8,640,000 shares, which will be sold at a price to the public of $14.00 per share, for total gross proceeds of $121.0 million. The offering is expected to close on March 23, 2010, subject to customary closing conditions. The Company has also granted the underwriters a 30-day option to purchase up to an additional 1,147,093 shares of Common Stock, and certain selling stockholders have granted the underwriters an option to purchase up to an additional 148,907 shares, solely to cover over-allotments, if any. The Company will not receive any proceeds from any sale of shares by the selling stockholders.
Morgan Stanley & Co. Incorporated and Jefferies & Company, Inc. are serving as joint book-running managers for the offering. Piper Jaffray & Co. and Morgan Keegan & Company, Inc. are acting as co-managers.
A shelf registration statement (including a base prospectus) has been filed with the Securities and Exchange Commission, or SEC, for the offering to which this communication relates and is effective. Before you invest, you should read the base prospectus and the final prospectus supplement relating to the offering and other documents that Finisar has filed or will file with the SEC for more complete information about Finisar and the offering. You may get these documents for free by visiting the SEC website at www.sec.gov. Alternatively, you may obtain copies of the final prospectus supplement and the accompanying base prospectus from:
Morgan Stanley & Co. Incorporated 180 Varick Street New York, New York 10014 Attention: Prospectus Department E-mail: prospectus@morganstanley.com Phone: (866) 718-1649 (toll free)
Jefferies & Company, Inc. 520 Madison Avenue New York, New York 10022 Attention: Stephen M. Ficara E-mail: sficara@jefferies.com Phone: (212) 284-3418
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.