Given Imaging to launch stock offering

Video-capsule manufacturer Given Imaging of Yoqneam, Israel, has filed a registration statement with the U.S. Securities and Exchange Commission for a secondary offering of stock.

The firm expects to sell 1.5 million ordinary shares, with existing shareholders expected to sell 1.005 million ordinary shares. The shareholders will sell up to 375,750 additional shares if the underwriters exercise their overallotment option, the company said.

Merrill Lynch, Pierce, Fenner & Smith and Citigroup Global Markets are acting as joint book-running managers for the offering, and CIBC World Markets and Wells Fargo Securities are co-managers.

By staff writers
May 25, 2004

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