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Technology / AI and automation

SHARE & BOND ISSUES

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.

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CBR Staff Writer

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