William Hill, Severfield complete rights issues
Two UK companies successfully completed rights issues on Friday with bookmaker William Hill cruising to a high take-up rate and structural steel firm Severfield-Rowen requiring a relatively large rump placement.
William Hill completed its £384m, two-for-nine deal with a take-up rate of 98.23%. The remaining 2.77m shares were placed by Citi and Investec, underwriters along with Barclays, at 382.3p each with the shares trading at around that level.
The company was raising funds to buy the 29% of William
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