Avago Announces Sale of 25 Million Ordinary Shares
Avago Technologies Limited has announced the sale of 25,000,000 ordinary shares by certain existing shareholders to Deutsche Bank Securities and Barclays Capital, as underwriters in the registered public offering of those shares.
All of the shares are being sold by existing shareholders identified in the prospectus supplement relating to the offering. In addition, the underwriters have a 30-day option to purchase up to an additional 3,750,000 ordinary shares from certain shareholders to cover over-allotments, if any. Avago will not receive any proceeds from this offering.
The ordinary shares are being offered under the Company’s existing shelf registration statement filed with the Securities and Exchange Commission on August 6, 2010. A prospectus supplement and base prospectus describing the terms of the offering will be filed with the Securities and Exchange Commission and may be obtained from Deutsche Bank Securities.
Avago is a leading designer, developer and global supplier of a broad range of analog semiconductor devices with a focus on III-V based products. Its extensive portfolio includes over 6,500 products in four primary target markets: wireless communications, wired infrastructure, industrial and automotive electronics, and consumer and computing peripherals.
