** Mirion Technologies' MIR.N shares down 3.3% at $16.97 before the bell as co seeks capital raise
** Radiation detection systems maker announces private offering of $300 mln 5-yr convertible bonds
** It plans to use net proceeds to repay $250 mln of outstanding term loans, repurchase up to $50 mln worth of its shares, balance for general purposes
** Co also expects to pay for capped calls, derivative transactions employed to offset share dilution
** Atlanta, Georgia-based Mirion has ~$4.1 bln market cap, based on ~231.9 mln shares outstanding, per LSEG data
** MIR closed up 1.8% at $17.54 on Mon, up 0.5% YTD. Stock is about 7% shy of its intraday record high of $18.81 hit in Dec
** All 5 analysts covering MIR are bullish with median PT of $19, LSEG data currently reflects
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.