April 6 (Reuters) - Cara Operations Ltd CAO.TO
* Cara announces $230 million private placement of
subscription receipts
* Entered agreement to sell 7.9 million subscription
receipts on a private placement basis
* Subscription receipts will be sold at $29.25 per
subscription receipt, for gross proceeds to company of $230
million
* Net proceeds from offering will be used to finance, in
part, purchase price under co's agreement to acquire 100% of
groupe st-hubert
* Has entered into agreement with syndicate of agents to
sell 7.9 million subscription receipts on private placement
basis
Source text for Eikon: ID:nCCN2yGGvm
Further company coverage: CAO.TO
(Bengaluru Newsroom: +1-646-223-8780) April 6 (Reuters) - Cara Operations Ltd CAO.TO :
* Cara announces $230 million private placement of
subscription receipts
* Entered agreement to sell 7.9 million subscription
receipts on a private placement basis
* Subscription receipts will be sold at $29.25 per
subscription receipt, for gross proceeds to company of $230
million
* Net proceeds from offering will be used to finance, in
part, purchase price under co's agreement to acquire 100% of
groupe st-hubert
* Has entered into agreement with syndicate of agents to
sell 7.9 million subscription receipts on private placement
basis
Source text for Eikon:
Further company coverage: CAO.TO
(Bengaluru Newsroom: +1-646-223-8780)