Omnicell falls on planned $150 mln convertible offering
** Omnicell's OMCL.O shares down 7% at $42.81 Tues as medical software co seeks capital raise
** Fort Worth, Texas-based firm late Mon said offering privately $150 mln 5-yr convertible bonds (CBs)
** Co expects to use portion of net proceeds to pay for capped calls, remainder, along with cash, to repurchase up to $400 mln of its outstanding 0.25% CBs due 2025
** On Oct 30, shares soared 32% to close at $53.05 after co posted big adj Q3 EPS beat and hiked its FY 2024 earnings outlook
** With move on Tues, shares up 14% YTD for market value of ~$2 bln, per LSEG
** Of 9 analysts covering OMCL, 3 rate "buy", rest "hold"; median PT of $60 up from $44.50 a month ago
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
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