Tornier (TRNX -0.7%) prices its 7M share public offering at $16.15, just a 1.5% discount to...


Tornier (TRNX -0.7%) prices its 7M share public offering at $16.15, just a 1.5% discount to yeserday's closing price. Of the 7M shares sold, 4.5M were by TRNX, while 2.5M were sold by existing shareholders. The company expects to use the net proceeds for working capital, repayment and refinancing of debt and general corporate purposes, including clinical and product development, capital expenditures and the acquisition of technologies, products or businesses.

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