LSI Logic Corp, Milpitas, California got its offer of 5m shares, all new, away at $44.50 per share. The $207m or so net proceeds are for buying equipment for its existing manufacturing facilities, and for starting construction of a new 8 wafer fabrication facility in the US. The offering was managed by Lehman Brothers, Merrill […]
LSI Logic Corp, Milpitas, California got its offer of 5m shares, all new, away at $44.50 per share. The $207m or so net proceeds are for buying equipment for its existing manufacturing facilities, and for starting construction of a new 8 wafer fabrication facility in the US. The offering was managed by Lehman Brothers, Merrill Lynch & Co, Montgomery Securities and Prudential Securities Inc.
Raytheon Co, Lexington, Massachusetts says its proposed $750m debt offering is almost all sold and may be increased to $1,000m, with the $250m 30-year tranche, not callable for 10 years, being raised to $500m. CS First Boston Corp is the lead manager.
Behavior Tech Computer Corp, Taipei, Taiwan maker of CD-ROM drives, scanners and other peripherals, will complete an initial public offering on July 26 with an underwriting price equivalent to $2.14, and is expected to be listed on the Taiwan exchange in late August; it will raise about $15m with the 7.1m share offer, 10% of the enlarged equity. Underwriter for the issue is President Securities Ltd.
