• Most Popular
  • Most Shared

Australia's Sonic raises $271 mln in placement

Wed Nov 12, 2008 5:42pm EST

Stocks

   

SYDNEY, Nov 13 (Reuters) - Australian healthcare provider Sonic Healthcare Ltd (SHL.AX) raised A$425 million ($271 million) in a share placement to part fund potential acquisitions, the company said in a statement on Thursday.

The new shares were sold at A$11.60 each, an 11 percent discount to its last traded price.

The offer was increased from A$350 million due to strong demand. ($1=A$1.57) (Reporting by Denny Thomas) ((denny.thomas@reuters.com; +61 2 9373 1812; Reuters Messaging: denny.thomas.reuters.com@reuters.net))


More from Reuters

American Airlines plane reported crashed in Jamaica

WASHINGTON (Reuters) - An American Airlines Boeing 737 overshot the runway while landing at the international airport at Kingston, Jamaica on Tuesday night, the U.S. Federal Aviation Authority said.

» More Top News
Malaysians participate in computer attack and defence hacking competition during The 3rd Annual Hack-In-The-Box Security Conference 2004 in Kuala Lumpur on October 6, 2004. REUTERS/Bazuki Muhammad
Commentary:

Year of the breach

Data security breaches are nasty business and should be avoided at all costs, writes Kevin Prince, a chief technology officer at Perimeter e-Security. Here's a look at the biggest breaches and blunders of 2009.  Commentary 

Technology
A condominium under construction is seen in Miami, Florida October 15, 2007. REUTERS/Carlos Barria

Booming in the bust

For most Americans, the housing market collapsed about four years ago. For three real estate heavyweights, it's just getting started.  Full Article 

Housing Market