March 31, 2020 / 5:18 PM / 2 months ago

RPT-AMS shares unsold in rights issue offered to market

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FRANKFURT, March 31 (Reuters) - Shares amounting to 38% of Austrian sensor maker AMS are being offered to investors with price guidance of 9.20-9.54 Swiss Francs, one of the bookrunners said on Tuesday.

AMS had raised 1.75 billion francs in a rights issue, but existing investors bought only 62% of the shares on offer, prompting the underwriting banks to launch a so-called rump placement. (Reporting by Arno Schuetze in Frankfurt Editing by David Goodman)

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