Optibase Announces Follow-on Public Offering

Israeli-based video delivery company Optibase (http://www.optibase.com) announced a follow-on offering of up to 2,000,000 of its shares at $37 per share.

All but 38,000 shares are being sold by the company.

Optibase shares closed at 41-1/4 on the Nasdaq stock market on Wednesday and is down to 39 as of mid-day Thursday.

Optibase provides MPEG-based digital video delivery solutions and has office in the U.S, the U.K. and Japan.