ARTICLE | Financial News

Algeta planning private placement

February 14, 2012 1:48 AM UTC

Algeta ASA (OSE:ALGETA) proposed to sell up to 2 million shares in a private placement. If the shares are sold in full at Algeta's Monday close of NOK156.60, the company would raise NOK313.20 million ($54.8 million). Goldman Sachs, Jefferies and DNB are advising Algeta. Shareholder Abingworth is also selling 1 million shares. Algeta, which made the announcement after market close, was down NOK4.40 to NOK156.60 on Monday. ...