December 8, 2006
Double-Take Software to sell shares
By Jeff Lavery
7.5 million shares of Southboro-based Double-Take Software will be up for grabs starting the week of December 11, the Boston Business Journal reports.
In paperwork filed with the Securities and Exchange Commission, the starting shares are to be priced between $9 and $11, and traded with the symbol of "DBTK" on the Nasdaq market. The shares will be issued by both Double-Take and certain stockholders of Double-Take Software Inc.
According to the report, Double-Take predicts it will make $43.5 million in proceeds from the sale. $33.3 million will go towards expenses related to general corporate purposes.
Double-Take specializes in data protection, availability, and recovery.
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