Integral Diagnostics: Raises $47m to fund Peloton acquisition

Integral Diagnostics Raises $47m to fund Peloton acquisition

• Integral Diagnostics (IDX) raises $47 million from a retail entitlement offer to fund its acquisition of Peloton Radiology
• A total of 6.6 million new shares were issued to eligible retail shareholders at $3.44 each, raising $22.8 million
• This represents a total take up rate of 49 per cent
• About seven million shares, which were not taken up by eligible retail shareholders will be allocated to sub-underwriters of the entitlement offer
• The new shares will rank equally to existing shares, but will not be eligible for the upcoming interim dividend
• Shares close 2.07 per cent lower today at $3.79 each