Monotype Imaging Holders File To Sell (TYPE)
April 2, 2008 by Douglas A. McIntyreMonotype Imaging Holdings (NASDAQ: TYPE) has filed to sell securities for selling stockholders, whom are offering 6 million shares for a proposed maximum share price of $14.60. The total maximum proposed aggregate offering price is $100.74 million. As the offering is being made by stockholders, the company will not receive any proceeds from the offering.
The lead book-runners for the transaction are listed as JPMorgan and Banc of America Sercuities. William Blair & Company, Canaccord Adams, Jefferies & Company, and Needham & Company were listed as co-managers.
We frequently discuss secondary offerings, special financings, restructurings, insider activity, activist investor trends, IPO’s, back door plays into IPO’s, SPAC’s, spin-offs, and more on our open email distribution list.
Shares for the text imaging solutions company are down 6% to $14.61 in early morning trading. The 52-week range is $11.01 to $17.69.
Rachel Lopez
April 2, 2008
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