FINEOS raising $85m for Limelight Health acquisition – The Australian Financial Review

Global software company FINEOS Corporation is tapping the market for fresh equity to purchase software-as-a-service business Limelight Health.
FINEOS Corporation was raising for an acquisition on Tuesday.  Jim Rice
The company was looking to raise $85 million through a placement of new shares with help from Macquarie Capital and Moelis Australia, according to terms sent to funds.
The fully underwritten placement was priced at $4.26 a share, which was a 7.2 per cent discount to FINEOS’ $4.59 l…

Click here to view the original article.