Slingshot Insights

Catalyst

Slingshot members are tracking this event:

Tesaro (TSRO) completes 150MM private placement at $35.19 per share

Source Link:: http://ir.tesarobio.com/releasedetail.cfm?ReleaseID=961371

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Additional Information

Additional Relevant Details This transaction resulted in total gross proceeds to the Company of approximately $155 million. TESARO intends to use the proceeds from the financing primarily to support the development of its product pipeline and for general corporate purposes.

http://ir.tesarobio....

Management Comment "The offering price per share of $35.19 was based on the 10-day trailing volume weighted average price."
-CFO Tim Pearson

http://seekingalpha....

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Catalyst Date

Occurred on:

Mar 18, 2016

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Related Keywords Equity Offering, Private Placement