Cbeyond Closes Offering

Cbeyond has closed its previously announced secondary offering of 4,907,179 shares

October 10, 2006

1 Min Read

ATLANTA -- Cbeyond, Inc. (NASDAQ: CBEY), a managed services provider that delivers integrated packages of voice, mobile and broadband services to small businesses, announced today that it has closed its previously announced secondary offering of 4,907,179 shares, including 640,066 shares sold pursuant to the underwriters’ exercise of the over-allotment option granted by the selling stockholders. The shares were sold by the selling stockholders at $26.75 per share. Cbeyond did not issue any new shares of common stock or receive any proceeds from the sale of these shares.

J.P. Morgan Securities Inc. and Deutsche Bank Securities Inc. acted as joint book-running managers for the offering. A copy of the prospectus relating to these securities may be obtained from J.P. Morgan Securities Inc., Prospectus Department, 4 Chase Metrotech Center, CS Level, Brooklyn, New York 11245 (telephone 718-242-8002) or Deutsche Bank Securities Inc., Prospectus Department, 1251 Avenue of the Americas, 25th Floor, New York, New York 10020 (telephone 800-503-4611).

Cbeyond Communications (Nasdaq: CBEY)

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like