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SuccessFactors underwriters exercise option

posted: 31 DAYS 21 HOURS AGO

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SAN MATEO, Calif. -SuccessFactors Inc., a business-software maker, said Friday that the underwriters of its public offering exercised in full their option to buy an additional 1.8 million shares of the company's common stock.

On Tuesday, the company announced a public follow-on offering of 12 million shares of its common stock at $15.50 per share. With the full exercise of the option to buy additional shares, total gross proceeds of the offering are expected to be about $215 million.

The offering is expected to close on Monday.

Goldman, Sachs & Co., Deutsche Bank Securities and Morgan Stanley & Co. are serving as joint underwriters.

2009-10-23 08:47:47

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