I think given the fact they are selling assets to reduce debt...

I think given the fact they are selling assets to reduce debt while raising equity not long after I imagine the CR will be significant - maybe around 90-100m. To get this size CR away the discount is likely to be decent around 15% maybe even upto 18% therefore a price around 185 is my guess . The larger the CR the more likely the SP will trade at or slightly below the SP as often happens .
In this instance I was fortunate to sell( at a loss at 240 ) a few weeks back not becuase i was expecting a CR but rather I wanted to free up capital for another stock , but I still feel irritated that the SP weakened significantly for a few days leading up to this news . It’s the obvious information asymmetry that makes this unfair.