Genmab planning private placement

Genmab A/S (CSE:GEN; OTCBB:GMXAY) said on Thursday that it plans to sell up to 5.2 million shares in a private placement to institutional investors. If sold at Genmab's close of DKK228.50 on Thursday, before the offering was announced, the company would raise DKK1.2 billion ($215.9 million). Genmab was off DKK4 to DKK228.50 on Thursday. ...