Bavarian Nordic Raising $82 Million In Discounted Rights Offering
Bavarian Nordic A/S is set to raise gross proceeds of DKK465 million (US$82 million) from a fully underwritten rights issue directed at current shareholders. The Kvistgaard, Denmark-based company is issuing 1.28 million new shares, priced at DKK365 per share. Existing shareholders are entitled to subscribe for one new share for every five shares they currently hold.