Agfa-Gavaert snapped up
Agfa-Gevaert wrapped up its Eu148m rights issue on Monday morning with a Eu19.65m rump placement of the unsubscribed shares. The bookrunners placed the stock at Friday’s closing price after quickly building a solid book which did not require a lower range.
On Friday (November 5) Agfa said it had received acceptances for 89.6% of the stock on offer in the one for three rights issue at Eu3.45 a share, a 35.2% discount to the pre-announcement close and a 28.9% discount to terp based on that price.
That left 13.4m unexercised
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