Seeking Alpha

GasLog in 8.4M-share public offering, shares -7.3%

  • GasLog (GLOG) -7.3% AH on plans for a public offering of 8.4M common shares and a private placement of ~$30M worth of common shares to certain of its directors and officers and one of its major shareholders.
  • GLOG plans to use the net proceeds of the public offering and private placement to fund part of the $468M purchase of three LNG carriers from an affiliate of BG Group.
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