Orbotech Announces Public Offering of 6,700,000 Ordinary Shares

ORBOTECH ORBK announced today that it plans to offer 6,700,000 of its ordinary shares to the public. 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.