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UK company acquires US firm OrthoLite for $770m
Offering price at 30.4% discount to Terp
Company predicts €1.6bn net loss in FY2024 due to write-downs
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UBS has hired two senior equity capital markets bankers formerly with JP Morgan for its Asia operations.
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The smooth execution of cable firm Prysmian's rights issue, which was priced last week, is a further indicator that good Italian companies will still be able to utilise equity capital market solutions, no matter how unstable the country’s political future might look.
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Enerchina Holdings’s HK$1.3bn ($165.7m) rights issue in Hong Kong failed to get enough support from investors.
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Future Plc, the UK magazine publisher, plans to raise £105m via a fully underwritten rights issue to fund its takeover of Purch, the US technology and science magazine publisher.
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Renhe Commercial Holdings’ HK$2.2bn ($274.3m) rights issue was slightly undersubscribed, forcing its major shareholder to pick up the slack.
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Phoenix Group Holdings, the UK insurer, has capped off its £950m rights issue to finance its takeover of the European arm of Standard Life Assurance, from its parent Standard Life Aberdeen.