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Anadigics plans public stock offering

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Warren-based Anadigics Inc. announced Wednesday it will sell shares of its common stock in an underwritten public offering.

According to an announcement from the technology company, Needham & Co. LLC is acting as the sole bookrunning manager of the offering, while Craig-Hallum Capital Group LLC is acting as co-manager.

The offering is expected to price today, and is subject to market conditions. Anadigics said it intends to use the net proceeds from the offering for working capital and general corporate purposes.

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