Saifun to offer more shares in May, says report

Peter Clarke, EE Times
(02/08/2006 8:43 AM EST)
 
LONDON — Flash memory technology licensor Saifun Semiconductors Ltd. is planning a secondary share offering on Nasdaq in May that could raise as much as $300 million, according to a Globes Online report, which referenced unnamed “capital market” sources.

A secondary issue of shares was expected and allowed for in the initial public offering conducted in November 2005.

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