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GC Asia
Ted Baker seeks lifeline from equity market
UK fashion group Ted Baker is seeking £95m of emergency funding via a firm placing and open offer after making a steep loss in its 2019 financial year.
The £95m of new shares being sold is more than Ted Baker’s £60m current market capitalisation, following a 12% fall in its share price on Monday morning after the transaction and results were announced.
Goldman Sachs and Liberum are bookrunners on the firm placing and open ...Already a subscriber? Login
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