20 November, 2009
UPDATE 1-Softchoice to raise C$17.4 million in bought deal
* To sell 2.25 million shares for C$7.75 each
* Pricing at a discount of 5 pct to Thursday's close
Nov 20 (Reuters) - Canadian technology services provider Softchoice Corp (SO.TO) said it would raise about C$17.4 million ($16.34 million) in bought deal.
Softchoice said a syndicate of underwriters co-led by GMP Securities and Cormark Securities agreed to buy 2.25 million shares for C$7.75 each, a discount of 5 percent to the stock's Thursday close of C$8.16.
The company granted the underwriters an over-allotment option to buy an additional 15 percent of shares. The offering is scheduled to close by Dec. 10. ($1=1.065 Canadian Dollar) (Reporting by Amit Kumar in Bangalore; Editing by Ratul Ray Chaudhuri)
Source: http://www.reuters.com
UPDATE 1-Softchoice to raise C$17.4 million in bought deal Added: (20.11.2009)
Back to invest list
