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Short Term Trading Week Staring - 3 July, page-22

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MandB

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03/07/17

11:26

Post #: 25626825
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Originally posted by unseatingcargo1 ↑

HSN Acquisition news.

Billing software company Hansen Technologies is seeking to raise about $50 million on Monday, via an institutional placement and share purchase plan. Melbourne stockbroker Baillieu Holst is in the market seeking to place 10.8 million new shares at $3.70 each to raise $40 million via an institutional placement.

The offer was priced at an 8.4 per cent discount to the last close and a 2.2 per cent premium to the 30-day volume weighted average price, according to terms sent to potential investors on Monday morning. Funds raised would be used to acquire Enoro Holding AS - a Nordic-based provider of customer information systems and data management for the energy sector.

The placement would be followed by a $10 million share purchase plan to existing shareholders. Baillieu Holst was seeking bids by 4pm on Monday.

Hansen Technologies had a $735 million market capitalisation prior to the raising. Its shares last closed at $4.04.

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SVY - Today's announcement worth a read - if they hit at depth this is away

1 kilometre strike length
priced at historically cheap levels
directors excellent track record
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