Majesco Completes Stock Sale

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MajescoLast week, Majesco confirmed plans to sell 6.42 million shares of stock. The company confirmed that it placed all the shares with institutional investors at $1.50 per share. The company confirmed that it raised $9.6 million in gross proceeds, but it's a good bet that after expenses and placement fees the company actually received somewhere in the neighborhood of $7 to $8 million.

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This page contains a single entry by Editor published on September 22, 2009 12:25 PM.

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