Allot withdraws share offering amid adverse market condition

News Broadband Global 6 AUG 2011
Allot withdraws share offering amid adverse market condition
IP service optimisation technology provider Allot Communications has decided to withdraw the proposed secondary offering to the public of 4,500,000 of its ordinary shares and 965,000 ordinary shares offered by certain selling shareholders. The decision is due to adverse stock market conditions, the company said. Allot may elect to offer any or all of such shares at a later date or dates, subject to stock market and other conditions.