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Magic Software (MGIC -12.7%) raises $21.2M in a private placement to institutional investors....

Magic Software (MGIC -12.7%) raises $21.2M in a private placement to institutional investors. Under the terms, Magic will sell approximately 3.26M ordinary shares at a price of $6.50/share, with some buyers receiving warrants to purchase up 1.13M ordinary shares at an exercise price of $8.26/share. (PR)
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