ARTICLE | Financial News

Horizon raises £80M in placing

August 23, 2017 7:03 PM UTC

Gene editing company Horizon Discovery Group plc (LSE:HZD) raised £80 million ($103 million) through the sale of 39 million shares in a placing.

In July, Horizon said it will purchase the Dharmacon division of General Electric Co. (NYSE:GE) for $50 million in cash and $35 million in Horizon stock. Dharmacon offers gene editing and RNAi tools. Horizon expects the deal to close Aug. 31...