Business Bakery sells down Trilogy holding as company raises $20 mln

Wed, 15 Jun 2016

By Jonathan Underhill June 16 (BusinessDesk) - Business Bakery will reduce its holding in Trilogy International, taking advantage of a 326 percent gain in the skincare and home fragrance company's shares in the past 12 months. Trilogy's largest shareholder, whose owners include Trilogy chairman Geoff Ross, plans to raise $30 million by selling shares at $3.70 apiece, a 7.5 percent discount to their closing price yesterday. The sale would amount to 13.1 percent of the company, which plans to raise $25 million at the same price via a place...

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