ARTICLE | Financial News

BioInvent proposes offering

January 15, 2010 1:48 AM UTC

BioInvent International AB (SSE:BINV) proposed to raise SEK150 million ($21.3 million) through the sale of 5.4 million shares at SEK27.60 in a placement to DnB NOR Asset Management and B & E Participation. The price is a 4% discount to BioInvent's Wednesday close of SEK28.80. ABG Sundal Collier is advising BioInvent on the offering. ...