Business
Why the Computershare (ASX:CPU) share price will be on watch on Friday
The Computershare Ltd (ASX: CPU) share price will be one to watch on Friday.
This follows the release of an announcement after the market close relating to its acquisition of the Wells Fargo Corporate Trust Services business.
What did Computershare announce?
This afternoon Computershare announced the completion of the retail component of its underwritten 1 for 8.8 pro-rata accelerated renounceable entitlement offer.
The entitlement offer was aiming to raise approximately A$835 million (US$634 million) via a $500 million institutional entitlement offer and a $335 million retail entitlement offer.
Computershare successfully completed the institutional component at the end of last month, raising the funds at $15.05 per new…
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