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Exact Sciences Corporation Message Board

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  • rcdt999 rcdt999 Jan 27, 2004 2:42 PM Flag

    What's Merrill Lynch up to now?

    Merrill not likely the underwriter. So they bite back with a downgrade

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    • MARLBOROUGH, Mass.--(BUSINESS WIRE)--Jan. 26, 2004--EXACT Sciences Corporation (NASDAQ: EXAS - News) announced today that it plans to offer 6,000,000 shares of its common stock in a public offering pursuant to a shelf registration statement previously filed with the Securities and Exchange Commission and declared effective in September 2003. The Company also plans to grant to the underwriters an option to purchase up to an additional 900,000 shares of its common stock within 30 days after the offering solely to cover over-allotments incurred in the offering, if any. Merrill Lynch & Co. and UBS Securities LLC are acting as joint book-running managers on this offering.

16.89-2.70(-13.78%)1:12 PMEDT