Mesoblast to raise A$170M

Mesoblast Ltd. (ASX:MSB; Pink:MBLTY) proposed to raise A$170 million ($172.3 million) through the sale of about 27 million shares at A$6.30 in a private placement to existing and new global institutional investors. The price is a 2% discount to Mesoblast's close of A$6.44 last Friday, Mesoblast's last trading day before the placement was announced. On Wednesday, the company was up A$0.01 to A$6.45. ...