Synaptics Files to Raise Cash (SYNA)
Synaptics Inc. (NASDAQ: SYNA) filed late on Friday to sell up to $250 million in a mixed securities shelf. The company will be able to sell any combination of Common Stock, Preferred Stock, Debt Securities, Depositary Shares, Warrants, Purchase Contracts, and Units.
The company listed the use of proceeds as the typical “generalcorporate purposes.” Synaptics is one of the companies behind thetouchscreen interfaces for your PDA’s and smartphones.
No underwriters were listed. Synaptics has a market cap of $656million based upon its $19.46 closing price, and its 52-week tradingrange is $14.69 to $40.84.
Jon C. Ogg
November 24, 2008