Fletcher rights entitlements valued at $1.35 suggest underwriting unnecessary
Fletcher shares resume trading at $6.10.
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
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
NZ Aviation News
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Aviation News - Monthly
NZ$14.95 / monthly
Already have an account? Login
Jenny Ruth
Fri, 20 Apr 2018
Fri, 20 Apr 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Fletcher rights entitlements valued at $1.35 suggest underwriting unnecessary
74570