| Omrix underwriters
exercise green shoe option - The underwriting syndicate purchased
337,500 shares for $10.8 million Omrix Biopharmaceuticals
Ltd. (Nasdaq:OMRI) announced on Friday that the underwriters in
the company's secondary offering have exercised their green shoe
option in full. Omrix has a market cap of $560 million. The underwriting
syndicate purchased 337,500 shares for $10.8 million. 235,109 shares
were purchased from the company for $7.5 million and 102,391 shares
from a selling stockholder, apparently Omrix CEO Robert Taub, for
$3.3 million.
UBS Investment Bank and Citigroup acted as the joint book-running
managers. CIBC World Markets acted as co-lead manager, and Rodman
& Renshaw was co-manager.
Taub sold $21.8 million worth of Omrix shares as part of the secondary
offering. His remaining 16 percent stake is worth $89.9 million.
|