Computer Business Review
Burr-Brown Corp, Tucson, Arizona designer and manufacturer of high-performance analogue and mixed signal integrated circuits has filed with the US Securities & Exchange Commission to offer 1.75m shares, all new, to raise an indicated $58m or so net for expansion of manufacturing capacity and working capital. Hambrecht & Quist LLC will act as lead underwriter, with Cowen & Co as co-manager.
Ross Technology Inc, Fujitsu Ltd's Austin, Texas Sparc chip design and fabrication company, has filed to go public with an initial offering of up to 2.75m shares, all new, at a target price of $14 to $16 each. to raise some $35m to repay revolving credit debt, finance the relocation and expansion of its manufacturing facility, pay accrued dividends to Fujitsu and for working capital. Fujitsu currently owns 92.9%, and will be diluted down to 79% by the offering. Underwriters for the issue are Robertson, Stephens & Co and PaineWebber Inc.
SHL Systemhouse Inc raised some $120m before expenses with an issue of senior subordinated notes due September 1 2002. The notes, noncallable for four years and with a 12.25% coupon were priced at par. Lead manager for the issue was Merrill Lynch & Co.
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