PBH Trading Halt: The betting company was in a trading halt today raising ~$400m through Goldman Sach via an instituional placement at $10 with a combined entitlement offer allowing existing shareholders the ability to buy 1 new share for every 9 held at a price of $8.00. The money is to supercharge their US growth ambitions and demand was strong today from what I understand. We own PBH and will participate via the entitlement.
MM remains bullish PBH
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