Orbotech Ltd. Announces Public Offering of Ordinary Shares
18 Maio 2011 - 5:15PM
Business Wire
ORBOTECH LTD. (the “Company”) (NASDAQ/GSM SYMBOL: ORBK)
announced today that it plans to offer 6,700,000 of its ordinary
shares to the public (the “Offering”). In connection with
the Offering, Orbotech has also granted the underwriters a 30-day
option to purchase up to 1,005,000 additional ordinary shares to
cover over-allotments, if any.
The Company plans to use the net proceeds of the Offering for
general corporate purposes.
J.P. Morgan Securities LLC and Barclays Capital Inc. are acting
as joint book-running managers; RBC Capital Markets, LLC is acting
as senior co-manager; and Needham & Company, LLC and
Oppenheimer & Co. are acting as co-managers of the Offering,
which will be made under an effective shelf registration
statement.
The Offering is being made only by means of a prospectus
supplement and accompanying base prospectus. When available, the
prospectus supplement and accompanying base prospectus relating to
the ordinary shares being offered in the Offering may be obtained
from J.P. Morgan Securities LLC, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Englewood, NY 11717, toll-free
(886) 803-9204 or Barclays Capital Inc. at Prospectus Department,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Englewood, NY 11717, email: barclaysprospectus@broadridge.com. toll-free (888)
603-5847.
This release shall not constitute an offer to sell, or the
solicitation of an offer to buy, nor shall there be any sale of
these securities 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 of these securities will be made only by means of the
prospectus supplement and accompanying base prospectus.
About Orbotech Ltd.
Orbotech Ltd. (NASDAQ/GSM: ORBK) has been at the cutting edge of
the electronics industry supply chain, as an innovator of enabling
technologies used in the manufacture of the world’s most
sophisticated consumer and industrial products, for over 30 years.
The Company is a leading provider of yield-enhancing and production
solutions, primarily for manufacturers of printed circuit boards
and flat panel displays; and today, virtually every electronic
device is produced using Orbotech technology. The Company also
applies its core expertise and resources in other advanced
technology areas, including character recognition for check and
forms processing and solar photovoltaic manufacturing.
Headquartered in Israel and operating from multiple locations
internationally, Orbotech’s highly talented and inter-disciplinary
professionals design, manufacture, sell and service the Company’s
end-to-end portfolio of solutions for the benefit of customers the
world over. For more information visit www.orbotech.com.
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