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Medarex greenshoe exercised, raising public stock offering to 11.5 million shares
By Lisa Kerner
Erie, Pa., May 8 - Medarex, Inc. said the underwriters of its public stock offering exercised the 1.5 million share over-allotment in full, raising the size of the deal to 11.5 million shares or $135 million.
Medarex originally priced 10 million shares on April 6 at $11.75 per share.
Goldman, Sachs & Co. was the bookrunner for the deal, while J.P. Morgan Securities Inc. was the joint lead manager, and Janney Montgomery Scott LLC served as a co-manager.
Princeton, N.J.-based Medarex is focused on human antibody-based therapeutic products.
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