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Authentec announces terms

June 7, 2007

Authentec, a semiconductor company providing fingerprint authentication sensors, filed an amended S-1 form with the SEC on Thursday. The company plans to offer 7.5 million shares, of which insiders are selling 1.875 million. The proposed price range is $9-$11; if priced at the midpoint, the proposed market capitalization would be $260 million. Lehman Brothers is the sole bookrunner on the deal.