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Marrone plans to price $35 million public offering of its common stock
Jefferies and Piper Jaffray to be the joint lead bookrunning managers
By Devika Patel
Knoxville, Tenn., May 16 - Marrone Bio Innovations, Inc. said it will conduct a $35 million follow-on public offering of its common stock with a 30-day greenshoe option. The amount includes any stock sold by selling stockholders in a concurrent secondary sale.
Jefferies LLC and Piper Jaffray & Co. are the joint lead bookrunners.
Proceeds will be used for working capital, product development, capital expenditures and general corporate purposes, such as potential acquisitions.
Based in Davis, Calif., Marrone makes bio-based pest management and plant health products.
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