Zeev's Turnips Patch-No Politics (ZEEV)

[ayahuasca]

Well I guess it was today after all, and it turns out to be 9 million instead of 7 million. I dont know if that's good or bad (more dilution, but apparently more interest in owning the stock).


DJ ViroPharma 9M-Shr Offering Priced at $16 Each ?

06 Dec 20:18

NEW YORK (Dow Jones)--ViroPharma Inc.'s (VPHM) secondary offering of 9
million shares was priced at $16 each.

The company previously expected to offer 7 million shares.

Last month, the company said it would grant the underwriters the option to
purchase up to an addtional 1.05 million shares.

Goldman Sachs & Co. was sole book-running manager for the offering. Piper
Jaffray & Co. was the joint lead manager and SG Cowen & Co. LLC and Lazard
Capital Markets LLC were co-managers of the offering.

ViroPharma intends to use net proceeds from the offering for working capital
and general corporate purposes. The company also said it may use a portion of
the net proceeds to repay or prepay all or a portion of its 6% subordinated
convertible notes due March 2007 and for business development purposes.

-Freddy Sebastian; Dow Jones Newswires; 201-938-5400;
[e-mail]

Order free Annual Report for ViroPharma Incorporated
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(END) Dow Jones Newswires
12-06-05 2018ET
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