** Shares of Singapore-based ride-hailing and delivery firm Grab Holding GRAB.O down 2 cents at $4.96 after hours as it seeks capital raise
** Co announces $1.25 bln 5-yr convertible notes offering
** It says plans to use net proceeds for general purposes, and for strategic flexibility, which may include potential acquisitions
** Concurrently with offering, it plans to repurchase shares from certain purchasers of the notes in privately negotiated transactions
** Earlier on Mon, GRAB denied reports of talks for a potential deal with smaller Indonesian rival GoTo GOTO.JK
** GRAB shares on Mon ended down 3.7% at $4.98, trimming YTD gain to ~5.5%
** Co has roughly $20.4 bln market cap, per LSEG data
** 23 of 25 analysts rate GRAB "strong buy" or "buy", 2 rate "hold" and median PT is $5.67- LSEG
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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