Monday, Roper Industries Inc. (ROP) said it is beginning a registered public offering of 2.30 million shares of its common stock. The offering is being made in conjunction with the company's inclusion in the S&P 500 index, which becomes effective after trading on the NYSE closes on December 22, 2009.
Roper said that the net proceeds from the offering are expected to be used to reduce borrowings associated with the acquisition of Verathon, Inc., announced on December 8, 2009.
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