GKN goes cap in hand to shareholders to cut debt [Edition 2]

Summary


INDUSTRIAL company GKN launched a deeply discounted rights issue today in a bid to keep the banks at bay.

Subscribing shareholders will be given six new shares for every five they own.

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GKN goes cap in hand to shareholders to cut debt [Edition 2]

The company will raise Pounds 403 million after it has given away P...

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