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

|About: Magic Software Enterprises... (MGIC)|By:, SA News Editor

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)