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Qualifying shareholders take up 68% as remainder stays with conditional placees
Underwriting left unused after deal is 33% oversubscribed
Shareholder-backed recapitalisation will help reduce debt and prepare assets for sale or listing
Placing and open offer follows recent acquisition of US annuity provider
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Laird, the UK maker of mobile phone parts, microchips and antennas, has finished its £185m rights issue to bolster its balance sheet after a fall in profits last year. -
China New Higher Education Group is set to launch the roadshow for its $150m Hong Kong IPO on April 3, according to a source close to the deal.
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Electricité de France’s €4.018bn three-for-10 rights issue has been oversubscribed, despite the continuing alarming flow of headlines about the nuclear power industry, and the approach of a French presidential election that could bring the far right to power.
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With the first quarter of 2017 nearly over, investment banks’ heads of equity capital markets can report to their bosses a much improved flow of business, compared with last year.
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The UK’s Financial Conduct Authority (FCA) has fined Christopher Niehaus, a former managing director in industrials investment banking at Jefferies, for sharing information about a client’s rights issue to impress his friends.
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The Philippine arm of Del Monte Foods is set to issue the country’s first dollar-denominated securities (DDS) on the stock exchange.
