By Devika Patel
Knoxville, Tenn., March 18 - Misys plc said it will raise £75 million in a private placement of shares.
The company will sell 42,857,143 ordinary shares at 175p per share.
Proceeds will be used to finance the cash element of the combination of Misys Healthcare with Allscripts Healthcare Solutions Inc. The placement is conditional on that transaction closing by Dec. 31.
Evesham, England-based Misys develops, manages and licenses a variety of software products and solutions to customers in the financial services industry.
| Issuer: | Misys plc
|
| Issue: | Ordinary shares
|
| Amount: | £75 million
|
| Shares: | 42,857,143
|
| Price: | 175p
|
| Warrants: | No
|
| Pricing date: | March 18
|
| Stock symbol: | London: MSY
|
| Stock price: | 141.75p at close March 17
|
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