Service Stream to buy Programmed and raise A$475M in an equity offering
Service Stream announced the Programmed acquisition and a A$475M equity raise at A$2.03 per share, according to Reuters.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
According to Reuters, Australian company Service Stream has announced the acquisition of Programmed and a new share issue worth A$475 million. The purchase price for Programmed is A$975 million before adjustments. All shares issued under the equity raise will be priced at A$2.03 each. All figures in the announcement are in Australian dollars.
why it matters
The deal pairs a large acquisition with a capital raise. For Service Stream shareholders, the key points are possible dilution from the new shares and how the market views the Programmed purchase.
market impact
Service Stream shares: the equity raise may dilute existing shareholders
tags
instruments
sources
- Service Stream Announces Acquisition Of Programmed And A$475M Equity Raise — Reuters, 9 November 2026 at 01:25 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗