- Ultra Clean Holdings Inc UCTT priced 3.2 million shares at $55 per share to raise $175 million in a secondary public offering. The offer price signifies a 3.2% discount to the Thursday closing price of $56.84.
- The underwriters have a 30-day option to purchase additional shares up to .048 million.
- The offering proceeds will be utilized for general corporate purposes, including working capital and capital expenditures. A part of the proceeds might be used to acquire related businesses, products, services, or technologies.
- The company recently acquired Ham-Let (Israel-Canada) Ltd for $351 million.
- Needham & Company is the sole book-running manager for the offering.
- Ultra Clean held cash and equivalents of $200.3 million as of Dec. 25, 2020.
- Price action: UCTT shares closed lower by 0.14% at $56.84 on Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
