Abano shareholders clamour for discounted stock in share purchase plan

Wed, 02 Oct 2013

Oct. 2 (BusinessDesk) - Abano Healthcare Group, which is resisting a potential takeover bid from a major shareholder, has met its $9.25 million capital raising target in a heavily oversubscribed share purchase plan as investors clamoured for the discounted stock. The healthcare services investor got applications for $23.8 million of the shares and were scaled back, it said in a statement today. The shares, which were sold at $5.95 apiece, recently traded at $6.61. The share purchase plan was the second leg of a capital raising by Abano, whic...

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