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Equity

Melrose lifts ECM spirits with £1.7bn rights deal for M&A

Melrose from Melrose site 230x150

Melrose Industries, the UK company that aims to buy, improve and sell underperforming industrial businesses, will conduct a heavily dilutive £1.655bn rights issue, cheering equity capital markets bankers who had feared months of weak activity, especially in the UK, after the shock of the Brexit referendum.

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