(Reuters) – British industrial software provider Aveva Group said on Friday it intends to raise 2.84 billion pounds ($3.73 billion) through a rights issue to partly fund the acquisition of SoftBank-backed peer OSIsoft.
Aveva, which is buying the company for an enterprise value of $5 billion, said the rights issue will offer 125.7 million shares at a price of 22.55 pounds per share.
($1 = 0.7621 pounds)
(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Shailesh Kuber)
