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Live News EQUITY FLASH L impact

BUZZ — UK's Softcat falls after equity raise, GDT deal

* Shares of IT services and consulting firm Softcat fall 2.5% to 1,918p * Co raises £354 mln ($473.19 mln) through sale of 18.7 mln shares at 1,890p each * The offering is priced at a 4% discount to Thursday's closing price * The company also announced on Thursday it agreed to buy U.S.-based GDT for $1.05 bln * Including session's gains, SCTS up ~35.4% YTD ($1 = 0.7481 pounds) (Reporting by Atharva Singh in Bengaluru) ((Atharva.singh@thomsonreuters.com)

SCTS.L

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