Allscripts Completes Secondary Offering and $577.4 M Repurchase (MDRX)
August 20, 2010 12:15 PM
Allscripts-Misys Healthcare Solutions, Inc. (NASDAQ: MDRX) today announced that certain wholly-owned subsidiaries of Misys plc, Allscripts' majority stockholder, have completed their previously announced underwritten public offering of 27,000,000 shares of Allscripts common stock at a public offering price of $17.05 per share.
In addition, Allscripts also announced today the funding and closing of the repurchase of approximately 24.4 million shares of its common stock from certain wholly-owned subsidiaries of Misys plc for an aggregate purchase price of $577.4 million, which included a payment of a previously disclosed premium of $117.4 million in connection with the sale by Misys of its controlling interest.
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