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Himax Prices 22.086M ADSs by Selling Shareholder Innolux Corporation at $5.25/ADS


Himax Technologies, Inc. (NASDAQ: HIMX) ("Himax" or "Company"), a supplier and fabless manufacturer of advanced display drivers and other semiconductor products, announced Thursday the pricing of an offering by selling shareholder Innolux Corporation ("Innolux") of 22,086,742 American Depositary Shares ("ADSs"), each representing two ordinary shares of the Company, at a public offering price of $5.25 per ADS. Innolux has granted the underwriters a 30-day option to purchase up to 3,313,011 additional ADSs solely to cover over-allotments, if any. The offering is expected to close on June 19, 2013.

Himax will not receive any proceeds from the sale of the ADSs by Innolux. Innolux's sale of the ADSs will not result in dilution of the Company's outstanding shares.

Citigroup Global Markets Inc. is acting as global coordinator for the offering and Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Chardan Capital Markets, LLC and Credit Suisse Securities (USA) LLC are acting as joint bookrunners for the offering. Oppenheimer & Co. Inc., Rosenblatt Securities Inc. and Craig-Hallum Capital Group LLC are acting as co-managers of the offering.

The offering is being made pursuant to the Company's shelf registration statement on Form F-3, which has

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Posted-In: News Guidance Contracts


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