VIVUS (VVUS) to Offer 9M Common Shares
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VIVUS, Inc. (Nasdaq: VVUS), announced today that it is offering to sell, subject to market and other conditions, 9,000,000 shares of its common stock pursuant to an effective shelf registration statement in an underwritten public offering. VIVUS also intends to grant the underwriters a 30-day option to purchase up to an aggregate of 1,350,000 additional shares of common stock to cover over-allotments, if any. All of the shares in the offering are to be sold by VIVUS. J.P. Morgan Securities Inc. is acting as sole book-running manager of the proposed offering.
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