Spansion Announces Pricing of Public Offering of Common Stock | Cypress Semiconductor
Spansion Announces Pricing of Public Offering of Common Stock
SUNNYVALE, Calif., Nov. 4, 2010 --
Spansion Inc. (NYSE: CODE) today announced the pricing of its public offering of 6,750,000 shares of its Class A common stock at $17.00 per share. All 6,750,000 shares are being offered by Spansion. Spansion intends to close the transaction on November 9, 2010. In connection with the offering, Spansion granted the underwriters a 30-day over-allotment option to purchase up to an additional 1,012,500 shares of its Class A common stock.
Spansion intends to use the net proceeds from the offering for general corporate purposes.
Morgan Stanley & Co. Incorporated and Barclays Capital Inc. acted as representatives of the underwriters and joint bookrunning managers for the offering. Citi also acted as a joint bookrunning manager for the offering. Gleacher & Company Securities, Inc., Needham & Company, LLC, Pacific Crest Securities LLC and ThinkEquity LLC acted as co-managers.
A registration statement relating to these shares of Spansion's Class A common stock has been filed with, and has been declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the shares of Spansion's Class A common stock in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
The offering is being made only by means of a prospectus, copies of which can be obtained by contacting:
Spansion(R), the Spansion logo, MirrorBit(R), and combinations thereof, are trademarks and registered trademarks of Spansion LLC in the United States and other countries. Other names used are for informational purposes only and may be trademarks of their respective owners.