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Australia's Sonic to raise $230mln in placement

Tue Nov 11, 2008 5:45pm EST

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SYDNEY, Nov 12 (Reuters) - Australian healthcare provider Sonic Healthcare Ltd (SHL.AX) confirmed on Wednesday it plans to raise A$350 million ($230 million) in a share placement.

The new shares are being offered at A$11.40-A$12.20 per share range, compared with Sonic's last traded price of A$13.00. ($1=A$1.52) (Reporting by Denny Thomas) ((denny.thomas@reuters.com; +61 2 9373 1812; Reuters Messaging: denny.thomas.reuters.com@reuters.net))


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