PLAINVIEW, N.Y.--(BUSINESS WIRE)--Nov. 3, 2009--
Veeco Instruments Inc. (Nasdaq: VECO) announced today that it has closed
its recent public offering of common stock. Veeco sold 5,750,000 shares
of common stock (including 750,000 shares representing full exercise of
the underwriters’ overallotment option granted in connection with the
public offering) at a public offering price of $23.75 per share. The
exercise of the overallotment option brings the total net proceeds of
the public offering to $130.1 million, after deducting
offering expenses, underwriting discounts and commissions payable by
Veeco. Veeco intends to use the proceeds from the offering for general
corporate purposes, including potential acquisitions.
Citi and J.P. Morgan served as joint book-running managers for the
offering. Canaccord Adams Inc. and Piper Jaffray & Co. acted as
Copies of the prospectus supplement and the related base prospectus for
the offering may be obtained from Citi, Brooklyn Army Terminal, 140 58th
Street, Brooklyn, New York 11220 (Tel. 800-831-9146), or J.P. Morgan
Securities Inc., c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, New York, 11717 (Tel. 631-254-1735).
This press release is for informational purposes only and is not an
offer to sell or the solicitation of an offer to buy any security of
Veeco, nor will there be any sale of such security in any jurisdiction
in which such offer, sale or solicitation would be unlawful. Any offer
will be made only by means of the prospectus supplement and related base
prospectus or by a free writing prospectus in accordance with SEC rules.
Veeco Instruments Inc. manufactures enabling solutions for customers in
the HB-LED, solar, data storage, semiconductor, scientific research and
industrial markets. We have leading technology positions in our three
businesses: LED & Solar Process Equipment, Data Storage Process
Equipment, and Metrology Instruments. Veeco’s manufacturing and
engineering facilities are located in New York, New Jersey, California,
Colorado, Arizona, Massachusetts and Minnesota. Global sales and service
offices are located throughout the U.S., Europe, Japan and APAC.
To the extent that this news release discusses expectations or otherwise
makes statements about the future, such statements are forward-looking
and are subject to a number of risks and uncertainties that could cause
actual results to differ materially from the statements made. These
risks include, but are not limited to, fluctuations in the market price
of Veeco's stock, Veeco's future operating results, other acquisition
and investment opportunities available to Veeco, general business and
market conditions and other factors. Additional information concerning
these and other risk factors may be found in the Business Description
and Management's Discussion and Analysis sections of Veeco's Annual
Report on Form 10-K for the year ended December 31, 2008 and in our
subsequent quarterly reports on Form 10-Q, current reports on Form 8-K
and press releases. Except as required under the federal securities laws
and the rules and regulations of the SEC, Veeco does not undertake any
obligation to update any forward-looking statements to reflect future
events or circumstances after the date of such statements.
Source: Veeco Instruments Inc.
Veeco Instruments Inc.
Investor Relations & Corporate Communications