Allot Communications plans to price public offering of ordinary stock

Deal, with 30-day greenshoe option, funds general corporate purposes

By Devika Patel

Knoxville, Tenn., Aug. 1 - Allot Communications Ltd. said it plans to price a public sale of stock with a 30-day greenshoe.

The company will sell 4.5 million ordinary shares with 819,750 shares allotted for the greenshoe.

Bank of America Merrill Lynch, Jefferies & Company, Inc. and RBC Capital Markets, LLC are the joint bookrunning managers; Oppenheimer & Co. Inc. is the lead manager, and Wunderlich Securities, Inc. is the co-manager.

Proceeds will be used for general corporate purposes, including acquisitions or investments in businesses or products and obtaining the right to use technologies complementary to the company's business.

Allot, based in Hod-Hasharon, Israel, provides internet protocol service optimization solutions for mobile, digital subscriber line and wireless broadband carriers, cable operator service providers and enterprises.

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