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HannStar greenshoe exercised, raising convertibles to $170 million
New York, Dec. 7 - HannStar Display Corp. said the underwriters of its recent offering of five-year euro convertible bonds exercised the $30 million greenshoe, raising the size of the deal to $170 million.
The Taoyuan, Taiwan, manufacturer of liquid crystal displays originally priced $140 million of the securities on Nov. 15 to yield 0%, up 15%.
Proceeds will be used to buy machinery and equipment.
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