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Australia's Sonic raises $271 mln in placement

Wed Nov 12, 2008 5:42pm EST

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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))


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