BUY HOLD SELL - SHL
We have been getting some questions from members about the Sonic Healthcare share purchase plan (SPP), which closes on Monday, February 4.
As such we are taking a look at the offer and the business case for SHL more broadly. Firstly, the SPP;
On December 12, Sonic announced that it is undertaking an SPP to raise $100m in addition to the $500m raised via an institutional placement. Eligible Shareholders may purchase up to A$15,000 worth of new ordinary shares in SHL, without incurring brokerage or transaction costs. The issue price of these new shares will be the lesser of:
- A$19.50 per new share, being the price at which the ordinary shares issued in the Placement were issued; and
- the...Continue Reading