Summary
THE owner of the Independent newspaper is planning a bargain- basement rights issue to keep its creditors from seizing control of the company, writes Simon Duke.
Dublin-based Independent News & Media yesterday admitted that a 'deeply discounted' rights issue was on the cards as a means of paring back its Pounds 1.2bn debt pile.See the full content of this document
Extract
Indy owner plans discount cash call
After failing to repay a...
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