IN BRIEF: Marshalls gets 27% acceptances for open offer of shares
Marshalls PLC - Elland, West Yorkshire-based landscaping products - Receives acceptances from existing shareholders for 27% of the new shares on offer as part of the open offer portion of its equity raise. The GBP187 million total capital raise, which also included a share placing to institutional investors, was conducted at 650 pence per share. It is to raise funds to go toward the GBP535 million acquisition of pitched roof system manufacturer Marley Group PLC. General meeting of shareholders held on Thursday approves conditional portion of share placing.
Read more