Leitch set for acquisition trail with $52.8M share issue

Leitch Technology Corp is seeking to raise $52.8 million for acquisitions and general corporate purposes. The Toronto-based developer and manufacturer of digital audio and video equipment will issue two million common shares to underwriters led by BMO Nesbitt Burns Inc and Yorkton Securities, with a closing slated for July 7. Recent declines in the price of high-tech share issues is likely a prime motivation for Leitch's move to raise capital at this time. The firm develops products for the broadcast, telecommunications, post-production, Internet and business-to-business sectors....