Financial News Release
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|Avago Technologies Announces Sale of 15,000,000 Ordinary Shares by Selling Shareholders|
SAN JOSE, Calif. & SINGAPORE, Sep 28, 2011 (BUSINESS WIRE) -- Avago Technologies Limited (Nasdaq:AVGO), today announced the sale of 15,000,000 ordinary shares by certain existing shareholders to Citigroup and Deutsche Bank Securities Inc., as underwriters in the registered public offering of those shares. All of the shares are being sold by existing shareholders identified in the prospectus supplement relating to the offering. In addition, the underwriters have a 30-day option to purchase from certain of the shareholders up to an additional 2,250,000 ordinary shares to cover over-allotments, if any. Avago will not receive any proceeds from this offering.
The ordinary shares are being offered under the Company's existing shelf registration statement filed with the Securities and Exchange Commission on August 6, 2010. A prospectus supplement and base prospectus describing the terms of the offering will be filed with the Securities and Exchange Commission and may be obtained from Citigroup, Attention: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, Telephone (800) 831-9146 or by email: firstname.lastname@example.org; or from Deutsche Bank Securities, Attention: Prospectus Department, Harborside Financial Center, 100 Plaza One, Jersey City, New Jersey 07311, Telephone: (800) 503-4611 or by email: email@example.com.
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