AMD, Fujitsu To Sell Part Of Spansion

The Statesman reports that AMD and Fujitsu have filed to sell at least 35 million shares of Spansion.

Together, AMD and Fujitsu could raise $536 million in what's known as a secondary offering if the stock is offered at $15.32 a share, which is close to the current trading price. If investor demand is strong enough, the two companies can offer another 5.25 million Spansion shares. Spansion won't receive any of the proceeds of the new offering.

Wednesday, May 22, 2013

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