Ask Jeeves greenshoe exercised, raising convertibles to $115 million

New York, June 23 - Ask Jeeves, Inc. said the underwriters of its recent offering of zero-coupon convertible subordinated notes exercised the $15 million over-allotment option in full, raising the size of the deal to $115 million.

The Emeryville, Calif. provider of web search technologies original sold $100 million of the convertibles after the market closed on May 29 to yield 0% with an initial conversion premium of 30%.

Credit Suisse First Boston led the Rule 144A deal.

Proceeds will be used for general corporate purposes, including potential acquisitions and investments.

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