Theravance to conduct $150M public offering
California, USA-based biopharmaceutical firm Theravance says that, subject to market and other conditions, it intends to undertake a public offering of unsecured convertible subordinated notes worth $150.0 million that are due in 2015. The firm said that it plans to use the proceeds from the offer, which will be jointly managed by Merrill Lynch & Co and Goldman Sachs & Co, for general corporate purposes.
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