Object Design Inc, Burlington, Massachusetts priced its offer of 3m shares, all new, at $7 per share, a big disappointment on the $9 to $11 the firm had been hoping for. Net proceeds are for working capital. Hambrecht & Quist LLC, Alex Brown & Sons Inc and Wessels, Arnold & Henderson underwrite.
Samsung Electronics Co Ltd says it plans to make a $150m convertible bond issue in Europe in September. The funds raised will be used for building semiconductor production facilities, Samsung said.