Market Overview

Exelixis Proposed Offering 20M Shares

Exelixis (Nasdaq: EXEL) today announced that it plans to offer, subject to market and other conditions, 20,000,000 shares of its common stock and $225 million aggregate principal amount of convertible senior subordinated notes due 2019 in concurrent underwritten public offerings. The company expects to grant the underwriters 30-day options to purchase up to an additional 3,000,000 shares of common stock and up to an additional $33.75 million aggregate principal amount of convertible senior subordinated notes in connection with the offerings. All of the shares of common stock and the convertible senior subordinated notes in the offerings will be sold by Exelixis.

Posted-In: News Offerings

 

Most Popular

Related Articles (EXEL)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters