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Morgans, MS send terms for $375m Corporate Travel raising – The Australian Financial Review
Morgans and Morgan Stanley have opened the books on Corporate Travel Management’s $375 million equity raising.
Morgans and Morgan Stanley have opened the books on Corporate Travel Management’s $375 million equity raising.
Jamie Pherous’ Corporate Travel is offering 27 million new shares to existing investors. Jessica Hromas
The brokers blasted terms to fund managers on Tuesday morning, calling for institutional acceptances by Tuesday night.
The deal was structured as a one-for-4.03 non-renounceable entitlement offer at $13.85 a share.
The offer was priced at a 14.3 per cent discount to the last clos…
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