Abano seeks $18.5 mln in share purchase plan, placement to institutions at 8.6 percent discount

Tue, 27 Aug 2013

Aug. 28 (BusinessDesk) - Abano Healthcare, the specialist health clinic investor facing a potential takeover tilt, wants to raise up to $18.5 million at an 8.6 percent discount in a share purchase plan and placement to institutions and eligible investors. The Auckland-based company raised $9.25 million at $5.95 a share in an underwritten placement to selected institutions and sophisticated investors, and is seeking another $9.25 million from shareholders at the same price, it said in a statement. That’s a discount to the last trading price o...

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