Philips Electronics NV plan to sell over 8.4 million shares
FEI shareholder selling common stock
The Associated Press November 29, 2006, 5:25PM EST
HILLSBORO, Ore.
Nanotechnology manufacturing components maker FEI Co. said Wednesday a unit of shareholder Philips Electronics NV plans to sell just over 8.4 million shares of FEI common stock.
The offer is being made by Philips Business Electronics International BV. FEI will not receive any proceeds from the offer.
Merrill Lynch & Co. is acting as sole book-running manager for the offering.
Shares of FEI rose 17 cents to close at $24.18 on the Nasdaq, but dipped 62 cents, or 2.6 percent, at $23.56 after-hours. [Full Story]
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