Deals
Lenzing to Raise $1.06 Billion in Sale of New, Old Shares
This article is for subscribers only.
Lenzing AG, the Austrian maker of textile fibers, plans to raise as much as 741 million euros ($1.06 billion) in a sale of new and existing shares.
Shareholders will be offered one new share for every 31 held, the company said in a statement yesterday. The company is selling 825,000 new shares, and set its share price at 92 euros to 108 euros.