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.
- Forums
- ASX - Short Term Trading
- Short Term Trading Week Staring - 3 July
HSN Acquisition news. Billing software company Hansen...
-
-
- There are more pages in this discussion • 317 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)