February 12, 2008
Evergreen Stock Offering Shrinks
By Matthew L. Brown
Marlborough-based and Devens-bound Evergreen Solar Inc. said the volatile stock market has required the company to reduce the number of shares of common stock it's offering to the public from 20 million to 16 million.
The stock is being offered at $9.50 per share. The company said it is reducing the size of the offering "to lessen the dilutive impact of the offering in light of market conditions."
The offering is expected to net Evergreen $144.6 million, which the company plans to use to build its new manufacturing facility in Devens. The company manufactures solar power products.
The stock is being offered at $9.50 per share. The company said it is reducing the size of the offering "to lessen the dilutive impact of the offering in light of market conditions."
The offering is expected to net Evergreen $144.6 million, which the company plans to use to build its new manufacturing facility in Devens. The company manufactures solar power products.
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