Not-so-perfect Ten Network pulls A$90m equity placement

19 Feb 2009

Australian broadcaster Ten Network was forced to cancel a A$90m new share placement on Wednesday after an embarrassing mix-up with arranger Citi.

Ten announced a proposed underwritten placement of 120m new shares on Tuesday. But it was forced to correct that announcement just hours later, clarifying that the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial