ARTICLE | Financial News

Galapagos raises EUR 28.7 million

October 20, 2010 12:52 AM UTC

Galapagos N.V. (Euronext:GPLG; Pink:GLPYY) raised EUR 28.7 million ($39.8 million) through the sale of 2.4 million shares at EUR 12 per share in a private placement. The EUR 12 sale price is an 8% discount to Galapagos' Monday close of EUR 13.10, before the placement was proposed. Galapagos said the proceeds will be used to finance possible future acquisitions. ABN AMRO and KBC Securities acted as joint global coordinators and bookrunners. ...