IN BRIEF: Beauty Tech prices reverse accelerated bookbuild
Beauty Tech Group PLC - Cheshire, England-based seller of at-home beauty treatment technology - Prices its buyback via reverse accelerated bookbuild at 400 pence per share for a total of GBP1.2 million. Beauty Tech says this "represents a highly attractive and value-accretive price for the company and continuing shareholders," as it is below share price of 454p at market close on Monday. The London branch of Joh Berenberg, Gossler & Co KG, acting as a riskless principal, has a put option exercisable on Thursday. The transaction is expected to settle on October 5. Beauty Tech expects to buy back the remaining GBP18.9 million shares through a new rolling on-market buyback. Read More