By Sheri Kasprzak
New York, March 16 - Boom Logistics Ltd. said it is closing a A$70 million private placement following its acquisition of Camilleri Industries Australia.
The company will sell 16,091,954 shares at A$4.35 each. The price per share is an 0.8% discount to the volume weighted average price of the company's stock for the five trading days before the pricing date.
ABN Amro Rothschild, Deutsche Bank and Wilson HTM were the placement agents.
Based in Melbourne, Australia, Boom provides industrial lifting services to the petrochemical sector.
| Issuer: | Boom Logistics Ltd.
|
| Issue: | Stock
|
| Amount: | A$70 million
|
| Shares: | 16,091,954
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| Price: | A$4.35
|
| Warrants: | No
|
| Placement agent: | ABN Amro Rothschild, Deutsche Bank and Wilson HTM
|
| Settlement date: | March 16
|
| Stock symbol: | Australia: BOL
|
| Stock price: | A$4.52 at close March 16
|
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