UK’s Aveva to raise £2.84bn to fund OSIsoft acquisition
British industrial software provider Aveva Group said this morning it intends to raise £2.84bn billion through a rights issue to partly fund the acquisition of SoftBank-backed peer OSIsoft.
Aveva, which is buying the company for an enterprise value of $5bn, said the rights issue will offer 125.7 million shares at a price of £22.55 per share. No further details were made public.
More to follow.