Trilogy's placement, Business Bakery selldown 'significantly' oversubscribed, reach $50 mln target

Thu, 16 Jun 2016

By Jonathan Underhill June 17 (BusinessDesk) - Trilogy International, whose shares have soared 326 percent in the past 12 months, says its share placement and the selldown by major shareholder The Business Bakery was "significantly oversubscribed" and the skincare and home fragrance company didn't need support from the underwriter. Trilogy shares were unchanged at $4 when they resumed trading today, having been halted for the share sale at $3.70 apiece, a 7.5 percent discount. The Business Bakery raised $30 million selling 8.1 million sha...

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