Packard Withdraws Proposed Follow-On Offering | GenomeWeb

NEW YORK, April 27 – Following a trend that is becoming common on Wall Street these days, Packard Bioscience has withdrawn a planned follow-on offering of 10 million shares of its common stock, the company said Friday.

This announcement comes after Packard indefinitely postponed its follow-on offering March 29. At the time, the company said it would continue to monitor market conditions to determine a suitable time for the offering.

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