Ebos to raise $150M in discounted placement, eyes more M&A

Mon, 29 Apr 2019

By Rebecca Howard April 30 (BusinessDesk) - Ebos Group plans to raise $150 million in a discounted placement to pay down bank debt and reduce gearing as it eyes acquisition targets. The pharmaceutical and animal health products company said it will issue approximately 7.7 million new ordinary shares at an issue price of $19.70 each to institutional investors in Australia, New Zealand and selected jurisdictions. That's about 5 percent of the 152.8 million shares on issue. The price represents an 8 percent discount to yesterday's closi...

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