Medical products maker ConvaTec's London IPO to raise about $1.8 billion



ConvaTec Ltd, a wound and ostomy care products maker, said an initial public offering of its shares on the London Stock Exchange is expected to raise about $1.8 billion (1.39 billion pounds).
ConvaTec, which was sold by Bristol-Myers Squibb Co to private-equity firms for $4.1 billion in 2008, did not say how many shares it would sell, or the expected price range. reut.rs/2cLERc8
The company said the offering would also allow for a partial realisation by private-equity firms Nordic Capital, Avista Capital Partners and members of the management team of their stake in ConvaTec.
ConvaTec, which... read more

 
3 October 2016 in Business, Views: 45
Source: Reuters
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