Lannett (NYSE MKT: LCI) Proposed Public Offering of Common Stock
Posted in the Matthews Forum
#1 Oct 4, 2013
Mike Zaman reporting
Lannett Company, Inc.(NYSE MKT: LCI) today announced that it and certain selling stockholders intend to offer shares of the Company’s common stock in an underwritten public offering. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
Roth Capital Partners, LLC and Canaccord Genuity Inc. are acting as joint book-running managers and Oppenheimer & Co. Inc. is acting as lead manager for the proposed offering.
The Company intends to use the net proceeds it receives from the proposed offering for general corporate purposes, including, without limitation, research and development, general and administrative, manufacturing and marketing expenses, and for potential acquisitions of companies, products, ANDAs, technologies and assets that complement its business. The Company will not receive any proceeds from the sale of any shares by any selling stockholders.
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