C-COR.net Underwriters Exercise Option

Publish date:
Updated on

The underwriters of C-COR.net Corp.’s recent public offering notified the company Tuesday that they will exercise their overallotment option.

The managing underwriters -- CIBC World Markets; Friedman, Billings, Ramsey Group Inc.; and Credit Lyonnais Securities (USA) Inc. -- will purchase an additional 660,000 shares.

The vendor’s offering covered 4.4 million common-stock shares at $14.50 apiece.