It’s the second time the company has sold shares since its initial public offering in 2004. Last year, the firm raised $4.2bn in a follow-on offering.
At the end of 2005, the company had about $9bn in current assets on its balance sheet, almost $4bn of which was cash and equivalents.
With that kind of wedge, there’s plenty of room for the company to maneuver into adjacent markets through acquisitions.
Proceeds from the offering will be used for general corporate purposes, including working capital and capital expenditures, and possible acquisitions of complementary businesses, technologies or other assets, the firm said.
