Veeco Instruments Inc. (VECO) announced that it has commenced public offering of up to 5 million shares of its common stock. The company said it intends to use the proceeds for general corporate purposes, including potential acquisitions.
Veeco said this offering includes a 30-day option for the underwriters to purchase up to 750 thousand additional shares to cover overallotments, if any. Citi and J.P. Morgan are serving as joint book-running managers, with Canaccord Adams Inc. and Piper Jaffray & Co. acting as co-managers for the offering.
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