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0 -0.00105152471083068 -0.00210304942166136 -0.00210304942166136 0.00630914826498428 0.00315457413249223 0.00315457413249223 0.00315457413249223
Stock impact report

Cosan SA (CSAN) Bleeds Heavily on 2-Billion Share Sale [Yahoo! Finance]

Cosan S.A. ADS (CSAN) 
Company Research Source: Yahoo! Finance
Cosan extended its losing streak to a third straight day on Monday, shedding 17.84 percent to end at $4.65 apiece as investor sentiment was dampened by plans to raise its capital through a public offering worth $2 billion in a bid to reduce its mounting debts. In a regulatory filing, Cosan SA (NYSE:CSAN) said it entered into an investment agreement with BTG Pactual Holding and Perfin Infra Administração de Recursos Ltda. for two rounds of share sales to be offered in Brazil. Cosan SA (CSAN) Bleeds Heavily on 2-Billion Share Sale The first public offering will see the primary issuance of 1.45 billion common shares, which may be increased by 362.5 million shares to the said investors, to be followed by the sale of 550 million shares. The investors have committed to subscribe to the shares at a price of R$5.00. “The funds raised by the Company in the Public Offerings will be used by the Company exclusively for renegotiation and repayment of its financial debts, in order to eff Show less Read more
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