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Discovery Partners Sells Over-Allotment on Sale of Celera Genomics Shares

May 14, 2004

NEW YORK, May 14 (GenomeWeb News) - Discovery Partners International announced today that it has taken in $5.1 million from an over-allotment option in a public offering of its common stock.

 

DPI said that 1,083,300 over-allotment shares were purchased at the price of $5 per share, following on a public offering of the 7,220,000 shares that Celera Genomics recently sold. The Applera unit announced on Wednesday that it had sold its DPI stock for $32 million.

 

SG Cowen was the lead manager and Merriman Curhan Ford and Roth Capital Partners were co-managers for the offering.

 

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