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Offerings: Libbey Prices 3.8 Million Shares

August 16, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Libbey Inc. (AMEX: LBY) said it has priced an underwritten public offering of 3,826,088 shares of common stock on behalf of Merrill Lynch PCG, Inc., the selling stockholder, at a price to the public of $10.25 per share. B of A Merrill Lynch (NYSE: BAC) will act as sole book-running manager of the equity offering.

The selling stockholder will also grant the underwriters a 30-day option to purchase up to an additional 573,913 shares of common stock, on the same terms and conditions, to cover over-allotments, if any.

Libbey will not sell any shares in the offering or receive any proceeds from the offering.

Ohio-based Libbey is A manufacturer of glass tableware. The firm supplies products to foodservice, retail, industrial and business-to-business customers in more than 100 countries.

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