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Thursday, March 23, 2006 4:47:40 AM
Thursday March 23, 2:32 am ET
NETANYA, Israel, March 23 /PRNewswire-FirstCall/ -- Saifun Semiconductors Ltd. (Nasdaq: SFUN - News) announced today that it has updated the registration statement that it filed with the U.S. Securities and Exchange Commission on March 8, 2005 to provide for a proposed registered offering of 340,000 ordinary shares by the company and an additional 3,480,148 ordinary shares by certain selling shareholders of the company. The selling shareholders have granted the underwriters a 30-day option to purchase from certain selling shareholders an additional 573,022 ordinary shares.
Lehman Brothers Inc. is acting as sole book-running manager, Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. are acting as joint-lead managers and CIBC World Markets, William Blair & Company, Raymond James and WR Hambrecht + Co are acting as co-managers.
Copies of the preliminary prospectus relating to the offering may be obtained from Lehman Brothers Inc., c/o ADP Financial Services, Prospectus Fulfillment, 1155 Long Island Avenue, Edgewood, New York 11717, by email: monica_castillo@adp.com, or fax +1-(631)-254-7268, or Citigroup Global Markets Inc., 140 58th Street, 8th floor, Brooklyn, NY 11220, by phone +1-(718)-765-6732, or Deutsche Bank Securities Inc. at 1251 Avenue of the Americas, 25th Floor, New York, New York 10005, by email: prospectusrequest@list.db.com, or fax +1-(212)-468-5333.
Saifun provides intellectual property solutions for the non-volatile memory (NVM) market. The company licenses its Saifun NROM® technology to semiconductor manufacturers who use this technology to develop and manufacture a variety of stand-alone and embedded NVM products.
http://biz.yahoo.com/prnews/060323/ukth001.html?.v=58
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