Fletcher rights entitlements valued at $1.35 suggest underwriting unnecessary
Fletcher shares resume trading at $6.10.
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The outcome of the Fletcher Building institutional book-build, or auction, is that retail shareholders who don’t take up their rights in the $750 million capital raising will receive $1.35 in cash for every new share they're entitled to.
The offer was fully underwritten but the auction outcome
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Jenny Ruth
Fri, 20 Apr 2018
Fri, 20 Apr 2018
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Fletcher rights entitlements valued at $1.35 suggest underwriting unnecessary
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