Goodman Fielder plans $259m capital raising

 In Australia, NewZealand

Breads and spreads maker Goodman Fielder plans to raise $259 million through an entitlement offer.

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The company on Tuesday announced a fully-underwritten five-for-12 pro-rata renouncable entitlement offer of new ordinary shares at an offer price of 45 cents per share.

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That is a 24 per cent discount to Monday’s closing share price of 59 cents. The Sydney Morning Herald – Read more…
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