News Article
Avago announces sale of 15 million ordinary shares
The firm will not receive any proceeds from this offering.
Avago Technologies has announced the sale of 15,000,000 ordinary shares by certain existing shareholders to Citigroup and Deutsche Bank Securities, 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 from certain of the shareholders up to an additional 2,250,000 ordinary shares 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.
Shares may be obtained from Citigroup.
Attention: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, Telephone (800) 831-9146
or by email: batprospectusdepartment@citi.com.
or from Deutsche Bank Securities,
Attention: Prospectus Department, Harborside Financial Centre, 100 Plaza One, Jersey City, New Jersey 07311, Telephone: (800) 503-4611
or by email: prospectus.cpdg@db.com.
