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SolarWinds underwriters exercise their option
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AUSTIN, Texas - Network management software maker SolarWinds Inc. said Monday that the underwriters of a secondary public offering have fully exercised their overallotment option.
The 30-day option allowed the underwriters to buy an additional 1.8 million shares from certain selling stockholders at $18.75 per share. The price was the same as that for the public offering of 12 million shares.
SolarWinds shares closed Friday at $19.85.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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