5:59 PM
Jul 02, 2008
 |  BC Extra  |  Financial News

MiddleBrook falls on financing plans

MiddleBrook (NASDAQ:MBRK) fell $1.55 (50%) to $1.52 on Wednesday after announcing an agreement with Equity Group Investments (EGI) to raise $100 million. EGI will purchase 30.3 million shares at $3.30, which is a 7% premium to MiddleBrook's close of $3.07 on Tuesday, before the deal was announced. EGI also will receive a five-year warrant to purchase 12.1 million...

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