05:50 AM EDT, 07/30/2026 (MT Newswires) -- Scandi Standard (SCST.ST) plans to raise 408 million kronor through a preferential rights offering to fund its planned acquisition of Glenhaven Foods, according to a Thursday release. Under the proposed offering, the chicken-based food products company will issue 3,268,143 new shares at 125 kronor each. Shareholders will receive one subscription right for each existing share held on Aug. 28, with 20 rights allowing for subscription of one new share. The subscription period will run from Sept. 1 through Sept. 15. The offering is subject to shareholder approval at an extraordinary general meeting on Aug. 26.

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