Lonmin Says 71% of Rights Stock Accepted as Part of Bailout Plan

  • Platinum miner gets acceptances for 19.2 billion new shares
  • HSBC, JPMorgan, Standard Bank to find buyers by Dec. 14

Lonmin Plc got acceptances for 70.93 percent of the discounted shares it offered in an underwritten sale that’s part of a plan by the world’s third-biggest producer of platinum to save itself from collapse.

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