Terayon Sets Common-Stock Offering - Multichannel

Terayon Sets Common-Stock Offering

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Terayon Communication Systems Inc. said Thursday that it intends to raise $75 million through a common-stock offering.

Based on the stock’s Wednesday close on the NASDAQ Exchange, it would have to issue about 10.8 million shares.

J.P. Morgan Chase & Co. will act as sole book-running manager for the offering, together with CIBC World Markets, Needham & Co. Inc. and Merriman Curhan Ford & Co. as co-managing underwriters.

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