SAN JOSE, Calif. & SINGAPORE, Aug 13, 2010 (BUSINESS WIRE) -- Avago Technologies Limited (Nasdaq:AVGO), today announced the pricing of a secondary offering of 14,905,000 ordinary shares at a price to the public of $20.40 per share. All of the shares are being sold by existing shareholders as identified in a prospectus relating to the offering. In addition, the underwriters have a 30-day option to purchase from certain selling shareholders up to an additional 2,235,750 ordinary shares to cover over-allotments, if any. Avago will not receive any proceeds from this offering, other than proceeds from options exercised by certain shareholders in connection with the offering.
Joint book-running managers of the offering are Deutsche Bank Securities, Barclays Capital, Morgan Stanley and Citi. The co-managers of the offering are Credit Suisse, Goldman, Sachs & Co., J.P. Morgan, UBS Investment Bank, KKR and RBS.
The public offering of the ordinary shares is being made by means of a prospectus and prospectus supplement pursuant to an effective automatic shelf registration statement filed with the Securities and Exchange Commission on August 6, 2010. A copy of the prospectus supplement and base prospectus relating to this offering may be obtained from Deutsche Bank Securities, Attention: Prospectus Department, 100 Plaza One, Jersey City, New Jersey 07311, Telephone: (800) 503-4611 or by email: prospectus.cpdg@db.com; Barclays Capital, c/o Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, NY, 11717, Telephone (888) 603-5847 or by e-mail at barclaysprospectus@broadridge.com; Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, New York, NY 10014, or by e-mail: prospectus@morganstanley.com; or Citi, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, Telephone: (800) 831-9146.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Avago Technologies Limited
Avago Technologies Limited is a leading designer, developer and global supplier of a broad range of analog semiconductor devices with a focus on III-V based products. Our product portfolio is extensive and includes over 6,500 products in four primary target markets: wireless communications, wired infrastructure, industrial and automotive electronics, and consumer and computing peripherals.
SOURCE: Avago Technologies Limited
Avago Technologies Limited
Investor Contact
Jacob Sayer, 408-435-7400
VP Business Development and IR
investor.relations@avagotech.com