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Acquicor to price $100 million five-year convertibles in Rule 144A offering
By Kenneth Lim
Boston, Nov. 21 - Acquicor Technology Inc. plans to price $100 million of five-year convertible senior notes.
There is an over-allotment option for a further $15 million.
Acquicor did not disclose who the bookrunners were for the Rule 144A offering.
Several market sources on Tuesday said they were not aware of price talk and timing for the deal, and a sellside convertible bond trader speculated that the deal may be distributed to a small number of investors.
Acquicor is a Newport Beach, Calif.-based blank-check company formed to acquire technology businesses. It is buying specialty wafer maker Jazz Semiconductor for $260 million and will use the proceeds of the offering to help fund the acquisition.
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