A2 Milk raises $40 mln at 5.5% discount in oversubscribed share placement

Suze Metherell
Thu, 08 Oct 2015

By Suze Metherell Oct. 9 (BusinessDesk) - A2 Milk, which markets milk with a protein variant said to have health benefits, raised $40 million in a discounted share placement to help fund working capital in its burgeoning infant formula business.  The Auckland-based firm sold 58.8 million shares at 68 cents apiece in placement, which was over-subscribed. That's a 5.5 percent discount to the 72 cents where the shares last traded on the NZX before going into a trading halt ahead of the offer, but 1 cent above the base price the company flagg...
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