SYDNEY, Nov 13 (Reuters) - Australian healthcare provider Sonic Healthcare Ltd 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) Keywords: SONIC/PLACEMENT (denny.thomas@reuters.com; +61 2 9373 1812; Reuters Messaging: denny.thomas.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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) Keywords: SONIC/PLACEMENT (denny.thomas@reuters.com; +61 2 9373 1812; Reuters Messaging: denny.thomas.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.