Intrexon Prices Public Offering of Shares for $200 Million
Troutman Sanders was mentioned in an August 24 GlobalData Financial Deals Tracker article about Intrexon Corporation completing its public offering of 5.6 million shares, including the underwriters’ overallotment option of 731,707 shares at a price of $41 per share, for gross proceeds of $230 million. The company plans to use the proceeds for strategic acquisitions and general corporate purposes, future strategic acquisitions and strategic investment opportunities, as well as to finance a portion of its previously announced acquisition of Oxitec Limited.
The team involved with Intrexon – led by John Owen Gwathmey and Dave Meyers – consisted of Doug Boyle and Ian Duffy.