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- More Dilution for Citi and HBOS Shareholders
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The WSJ reports: HBOS Sets $8 Billion Rights Issue HBOS PLC announced a £4 billion, or roughly $8 billion, rights issue designed to bolster the bank against a worsening market and repair the lender’s capital base following write-downs…. The price is 45% below Monday’s closing share price of 496 pence. Ouch. A 45% discount!And from MarketWatch: C…
Original Source
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30 April, 2008| housingblogs |
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