Company sells 1.65 million common shares at $10.00 apiece to investors
By Devika Patel
Knoxville, Tenn., May 20 - ROI Acquisition Corp. said it will raise $16.5 million in a private placement of stock with Clinton Magnolia Master Fund, Ltd. and an affiliate of Clinton Spotlight Master Fund, LP.
The company will sell 1.65 million common shares at $10.00 apiece. The per-share price represents a 0.5% premium to the May 17 closing share price of $9.95.
Proceeds will be used for a portion of the purchase price in the company's planned acquisition of EveryWare Global, Inc.
The special purpose acquisition company is based in New York.
| Issuer: | ROI Acquisition Corp.
|
| Issue: | Common stock
|
| Amount: | $16.5 million
|
| Shares: | 1.65 million
|
| Price: | $10.00
|
| Warrants: | No
|
| Investors: | Clinton Magnolia Master Fund, Ltd. and Clinton Spotlight Master Fund, LP
|
| Pricing date: | May 20
|
| Stock symbol: | Nasdaq: ROIQ
|
| Stock price: | $9.95 at close May 17
|
| Market capitalization: | $93.85 million
|
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