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EquityFollow-ons and Rights issues

Schmolz + Bickenbach rises ahead of successful recap

steel fotolia px230x150 for gc

Shares in Schmolz + Bickenbach, the Swiss steel maker, surged 9% on Friday after the company said it is due to price its Sfr325m rights offer at Sfr0.30, the top of the range, securing its future after a long period of underperformance.

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