Same store sales decreased 1.5%. Company raises CA$200 million to fund future acquisitions and improve balance sheet.
Boyd Group Services Inc. (TSE:BYD) announced its preliminary first quarter financial results and that it raised approximately CA$200 million ($143.6 million) through a bought deal share issuance under an agreement with CIBC Capital Markets, Cormark Securities Inc., Goldman Sachs and National Bank Financial Inc., acting as co-leads and joint book runners. The underwriters purchased 1,100,000 common shares at a price of CA$183.00.
According to the company the funds raised will be used for potential future acquisitions after the COVID-19 crisis subsides, as well
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