VANCOUVER, Feb. 27, 2012 /CNW/ - Westport Innovations Inc. (TSX: WPT)
(NASDAQ: WPRT) announced today the closing of its previously announced
offering of common shares in the United States and Canada, including
the exercise in full of the underwriters' option to purchase an
additional 825,000 common shares at the offering price of US$43.25 per
share. With the exercise of the option, Westport issued a total of
6,325,000 common shares under the offering for gross proceeds of
Morgan Stanley & Co. LLC and Jefferies & Company, Inc. were the joint
bookrunners for the offering. Other underwriters included Lazard
Capital Markets LLC, Craig-Hallum Capital Group LLC, JMP Securities
LLC, Canaccord Genuity Inc. and Northland Capital Markets in the United
States, as well as Morgan Stanley Canada Limited in Canada. Rothschild
Inc. acted as financial advisor to Westport in connection with the
offering. The common shares issued under the offering have been listed
on The NASDAQ Global Market and the Toronto Stock Exchange.
Copies of the United States final prospectus supplement may be obtained
from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180
Varick Street, 2nd Floor, New York, NY 10014, or by telephone at (866)
718-1649 (toll free), or by e-mail at firstname.lastname@example.org; or Jefferies & Company, Inc., Attention: Equity Syndicate Prospectus
Department, 520 Madison Avenue, 12th Floor, New York, NY, 10022, or by
telephone at 877-547-6340 (toll free), or by email at Prospectus_Department@Jefferies.com.
Copies of the Canadian final prospectus supplement may be obtained by
contacting Morgan Stanley & Co. LLC, Attention: Prospectus Department,
180 Varick Street, 2nd Floor, New York, NY 10014, or by telephone at
(866) 718-1649 (toll free), or by e-mail at email@example.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the
common shares of Westport in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
Following this transaction, Westport has approximately 54.8 million
SOURCE Westport Innovations Inc.
For further information:
Vice President, Investor Relations & Communications
Westport Innovations Inc.