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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Mayne Pharma Group Ltd | ASX:MYX | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.38 | 8.50% | 4.85 | 4.84 | 4.92 | 4.92 | 4.52 | 4.52 | 205,103 | 07:50:00 |
From Nov 2019 to Nov 2024
SYDNEY--Australian pharmaceutical group Mayne Pharma Ltd. is poised to raise around 18 million Australian dollars (US$19 million) to fund the acquisition of pain-relief product Kapanol from GlaxoSmithKline, a person familiar with the matter said Friday.
The raising, led by Credit Suisse and UBS, is being conducted at 29.5 cents a share, a 7.8% discount to the stock's last-traded price of 32 cents, the person said.
Mayne Pharma entered a trading halt early Friday pending an equity raising to fund an acquisition. A spokeswoman from Mayne Pharma did not return a call for comment. A GlaxoSmithKline spokesperson in Melbourne declined to comment on the matter.
Write to Gillian Tan at gillian.tan@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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