Ambit prices secondary offering

Acer sells down a 4.8% stake in the modem manufacturer.
July 14, 2003

Goldman Sachs priced a small $50 million secondary offering on behalf of Acer last night (Monday). The 7.5 million unit deal reduced the group's ownership in Ambit Microsystems to 15.8% and was priced at a 3% discount to the stock's NT$121.5 close.

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