Summary
SHARES in Deeside-based housebuilder Redrow continued to climb sharply yesterday following speculation that the business is planning a pounds 100m rights issue to buy land at depressed prices.
Chairman Steve Morgan is said to have won backing for the fundraising move from hedge fund Toscafund, which owns 20% of the company's shares and is the second largest shareholder.See the full content of this document
Extract
Shares Climb On Rights Issue Talk
HSBC bank is advising his investment company, Bridgemere Securities, and investment bank JP ...
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