WisdomTree dips after $475 mln convertible bond sale for acquisition

** Shares of asset manager WisdomTree WT.N down 2% on light premarket volume at $12.95 after acquisition-related capital raise

** New York-based WT announces pricing private offering of $415 mln 4.625% convertible bonds (CBs) due 2030, and full exercise of $60 mln over-allotment option

** Base offering size boosted from $400 mln and initial conversion price set at approx $19.15, 45% above stock's last close

** It intends to use $275 mln of net offering proceeds to pay for previously announced acquisition of Ceres Partners, a farmland investment specialist

** Co also plans to use $37 mln to repurchase about 93% of its outstanding 5.75% CBs due 2028, and $90 mln to buy back 6.8 mln of its shares in relation to the offering

** If the acquisition is not completed, co says will use net proceeds for general purposes, including repayment of debt and other outstanding CBs

** WT shares rose for sixth straight session on Mon ending up 1.1% at $13.12, giving co $1.9 bln market cap

** Through Mon, shares up 26% YTD

** Of 7 analysts covering WT, 4 rate "strong buy" or "buy", 3 rate "hold" and median PT is $15, LSEG data reflects