Street Talk

Calix gets Heidelberg agreement, raising $60m

Anthony Macdonald, Sarah Thompson and Kanika Sood

Oct 19, 2022 – 8.55am

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Materials technology business Calix was expected to launch an equity raising on Thursday morning, after securing a global agreement with cement bigwig Heidelberg Materials.

Street Talk understands Calix was after $60 million at $4.55 a share, which was an 11.1 per cent discount to the last close.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au