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Gabelli Merger Plus Trust Raises USD100 Million In IPO (ALLIPO)

LONDON (Alliance News) - Gabelli Merger Plus Trust PLC said Monday it has raised gross proceeds ...

Alliance News 17 July, 2017 | 1:43PM
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LONDON (Alliance News) - Gabelli Merger Plus Trust PLC said Monday it has raised gross proceeds of USD100.1 million in an initial public offering of shares, ahead of its flotation on the London Stock Exchange.

The newly incorporated closed-end trust said it expects to begin trading on the specialist fund segment of London's Main Market on Wednesday, with around 10.0 million shares.

By Adam Clark; adamclark@alliancenews.com

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