Acquicor Technology Inc. Announces Pricing of $145 Million Private Offering of Convertible Senior Notes
12 12월 2006 - 10:30PM
Business Wire
Acquicor Technology Inc. (AMEX:AQR), announced today the pricing of
a private placement of $145 million of its 8% convertible senior
notes due 2011 to qualified institutional buyers pursuant to
Rule�144A under the Securities Act of 1933 (the �Securities Act�).
This offering is expected to close on December 15, 2006. In
addition, Acquicor Technology Inc. has granted the initial
purchasers a 45-day option to buy up to an additional
$21.75�million of the notes. The notes are convertible into shares
of the company�s common stock at an initial conversion price of
$7.33 per share. Pending the approval by its stockholders of the
merger of its wholly-owned subsidiary with and into Jazz
Semiconductor, Inc., the gross proceeds of the offering will be
placed into an escrow account and upon such approval, the net
proceeds would be released to Acquicor to fund the merger
consideration and for general corporate purposes. This announcement
is neither an offer to sell nor a solicitation to buy any of these
notes and shall not constitute an offer, solicitation or sale in
any jurisdiction in which such offer, solicitation or sale is
unlawful. The notes being offered and the common stock issuable
upon exchange of the notes have not been registered under the
Securities Act, or any state securities laws, and may not be
offered or sold in the United States, absent registration under, or
an applicable exemption from, the registration requirements of the
Securities Act and applicable state securities laws. About Acquicor
Acquicor (AMEX:AQR) is a company formed by Gilbert F. Amelio,
Ph.D., Ellen M. Hancock and Steve Wozniak for the purpose of
acquiring, through a merger, capital stock exchange, stock
purchase, asset acquisition or other similar business combination,
one or more domestic and/or foreign operating businesses in the
technology, multimedia and networking sectors. Acquicor raised
gross proceeds of $172.5 million through its March 2006 initial
public offering, and $164.3 million was placed in the trust account
pending the completion of a business combination. On September 26,
2006, Acquicor and Jazz Semiconductor, Inc. announced that they
have entered into a merger agreement. The merger is expected to be
completed in the first quarter of 2007 subject to a number of
closing conditions. For more information, please visit
http://www.acquicor.com.
Acquicor Technology (AMEX:AQR)
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