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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.

 

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