EBOS Group’s major shareholder Sybos is selling NZ$949 million ($566.74 million) worth of shares in the New Zealand-based medical equipment manufacturer, according to a term sheet by Reuters.
The investor is selling 26.74 million shares at NZ$35.50 each, an 8.9% discount to the stock’s closing price on Wednesday, the term sheet showed.
EBOS declined to comment.
The sale represents about 13.2% of EBOS stock and Sybos will retain a 4.9% holding once the block trade is complete, the term sheet showed.
Investment bank UBS is leading the deal, according to the term sheet.
($1 = 1.6745 New Zealand dollars)
Reuters
