Entropic Plans Stock Offering
Bruce V. Bigelow9/28/10
San Diego’s Entropic Communications (NASDAQ ENTR), a fabless semiconductor design company focused on the market for home networking and entertainment, announced after the market closed Monday that it plans to offer 10 million shares of its stock in a public offering. The company says it intends to grant the underwriters a 30-day option to purchase as many as 1.5 million shares to cover any over-allotments. Entropic’s stock, which closed at $9.80 a share in regular-hours trading, fell by 55 cents in after-hours trading.
