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Wireless

Radisys announces proposed offering of common stock

Wednesday 19 March 2014 | 21:22 CET | News
Radisys is offering to sell, subject to market and other conditions, shares of its common stock in an underwritten public offering. Radisys also intends to grant the underwriter(s) a 30-day option to purchase from it up to an additional 15 percent of the shares of common stock offered in the public offering to cover over-allotments, if any. The offering is expected to price before market open on 20 March. Radisys intends to use the net proceeds from the offering for working capital and other general corporate purposes and may also use a portion of the proceeds to repay debt. 

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Categories: Mobile & Wireless
Companies: RadiSys
Countries: World
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