Monday, July 25, 2011

[Calcalist]: Allot to Raise $70M; F5 Acquisition was Scrapped

Golan Hazani reports to Calcalist that "Allot Communications [NASDAQ:ALLT], which is traded on NASDAQ at a $428 million market cap, will hold a second financing round to raise $70 million. Calcalist has learned that the forthcoming offering will be held in upcoming weeks and that Tamir Fishman venture capital fund is expected to sell off a considerable portion of its holdings in the offering .. It is unclear whether additional shareholders will partake in the sale offer, however the offering comes after the negotiations for the acquisition of the company by F5 [here] foundered and the acquisition was scrapped .. In recent weeks, Allot has been enjoying a record market cap after its share soared to $18 following rumors of the acquisition. Negotiations with F5 continued for several months, but were brought to an end by the American communications equipment vendor".

See "Allot on its way to NASDAQ $70M offering" - here (English!!!).

Allot is heavily traded and down 5% in mid day Monday.

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