latest news releases from the newsroom
National Corn Growers Association
NCGA Supports Reid/Bingaman Energy Bill
ST. LOUIS, June 12, 2007 (PRIME NEWSWIRE) -- The National Corn Growers Association (NCGA) today announced its support for S. 1419, the Renewable Fuels, Consumer Protection and Energy Efficiency Act of 2007. The comprehensive energy legislation takes important steps toward diversifying the nation's energy portfolio and growing the biofuels industry, said Ken McCauley, NCGA president.
Infinera Corporation Announces Closing of Initial Public Offering of Common Stock and Exercise of Over-Allotment Option
SUNNYVALE, Calif., June 12, 2007 (PRIME NEWSWIRE) -- Infinera Corporation (Nasdaq:INFN) today announced that it has closed on its initial public offering of 14,000,000 shares of common stock at a price of $13.00 per share. Infinera also announced that the underwriters of the offering exercised in full their option to purchase an additional 2,100,000 shares of the company's common stock, bringing the total initial public offering size to $209.3 million prior to the deduction of underwriting discounts and estimated expenses paid by Infinera. Infinera intends to use the net proceeds from the offering for working capital and other general corporate purposes, including to finance our growth, develop new products, fund capital expenditures, or to expand our existing business through acquisitions of other businesses, products or technologies. In addition, we may choose to repay the outstanding principal balance on our credit facilities.