Lonmin Says 71% of Rights Stock Accepted as Part of Bailout PlanBy
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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.