ADENTRA (TSE:ADEN) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
ADENTRA Inc. has successfully completed a bought deal offering, issuing over 2.5 million common shares and raising $100 million in gross proceeds, including the full exercise of the over-allotment option by underwriters. The company plans to allocate the net proceeds to repay bank debt and support strategic acquisitions and general corporate activities. ADENTRA, a major North American distributor of architectural building products, operates 85 facilities and is listed on the Toronto Stock Exchange.
For further insights into TSE:ADEN stock, check out TipRanks’ Stock Analysis page.