25 Mar '11, 6pm

Acacia completes $157.5 million stock offering: Corp., which buys and licenses patents, said Friday it completed...

Acacia Research Corp ., which buys and licenses patents, said Friday it completed a $157.5 million public offering of common stock . The company offered 5 million shares at $31.50 apiece, which was a 6 percent discount to Thursday's closing price of $33.53. The company granted underwriter Barclays Capital a 30-day option to buy up to an additional 750,000 shares to cover over-allotments. Acacia has about 37 million shares of common stock outstanding. Acacia's shares fell $1.31, or 3.9 percent, to $32.22 by midday Friday.

Full article: http://sg.news.yahoo.com/acacia-completes-157-5-million-s...

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