Allot Communications Prices Offering at $14.25/Share

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Shares of Allot Communications (ALLT) are trading with more volume than usual Wednesday, following its announcement that it has priced an offering of 5.5 million ordinary shares at $14.25 per share. The provider of IP service optimization and revenue generation solutions for fixed and mobile service providers said it would use the proceeds of the offering for general corporate purposes, including working capital and potential acquisitions.

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