Goldman’s $1.2bn Telenor bought deal turns sour as investors dump the stock

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Goldman’s $1.2bn Telenor bought deal turns sour as investors dump the stock

April 02, 2004 12:00 am

The curse of the bought deal struck again on Tuesday when Goldman Sachs had to cut the price on a $1.2bn tranche of stock in Telenor, the Norwegian telephone company ? and was still left holding some of the shares.

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