advised Jang Capital LLC on the acquisition of a minority stake in Haida Technologies Private Limited by way of primary share
If the transaction is completed, the new public company would be approximately 80% owned by Ivanhoe Energy on a primary share
basis before giving effect to the exercise of outstanding warrants, options and contingent consideration granted to Ivanhoe Energy and assuming no China Mineral stockholders exercise conversion rights under its charter.
Lifetime intends to use the proceeds from the primary share
offering to pay down debt outstanding under its revolving credit facility.
The offer will consist of 500 million primary shares
and up to 75 million worth of secondary shares for overallotment, in case of excess demand.
The primary shares
take over has given an initial 37.
US-based biotechnology company Agenus Inc (NasdaqCM:AGEN) stated on Wednesday that it has priced underwritten public offering of 19,335,653 primary shares
of its common stock.
The transaction includes 24,253,987 of Class A shares, and an option for 30 days to purchase up to an additional 2,425,399 Class A shares; no primary shares
are offered as part of the SPO.
The company targets the placement of 664m primary shares
, from which it is expected to bag up to HKD16.
The bank is to float 11,500,000 primary shares
with a face value of BDT100 each.
Following the exchange there were approximately 82m primary shares
of common stock outstanding.
The offering is expected to include primary shares
issued and sold by the company, as well as secondary shares to be sold by certain stockholders of Noveon International.
NEW YORK -- Duane Reade is proposing a public offering of approximately 7 million shares of common stock, consisting of about 4 million primary shares
from the drug chain along with some 3 million secondary shares from stockholders.