GT Solar Int'l (SOLR) Announces 15M Concurrent Common Offering

GT Solar International, Inc. (Nasdaq: SOLR) announced a secondary offering of 10,000,000 shares of its common stock by one selling stockholder, GT Solar Holdings, LLC, pursuant to a shelf registration statement filed with the Securities and Exchange Commission. The selling stockholder has also granted the underwriters an option to purchase a maximum of 1,500,000 additional shares of common stock to cover over-allotments, if any. Concurrently with this offering, the selling stockholder has entered into agreements to sell up to 15,000,000 additional shares of the Company’s common stock to UBS Securities LLC and one of its affiliates in connection with an offering by UBS AG of its Mandatorily Exchangeable Notes due 2013. GT Solar International, Inc. will not receive any proceeds from either transaction but will pay the expenses of the selling stockholder.

---

Are you missing key trading opportunities? Upgrade to StreetInsider Premium and get a step ahead of the market - FREE TRIAL!