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Boart starts $103M rights issue

BOART Longyear has invited shareholders to take part in the $A103.1 million rights issue that forms one of the final components of its massive recapitalisation plan.

Andrew Duffy
Boart starts $103M rights issue

The 0.97-for-one offer will issue shares at 16.5c each and is fully underwritten by distressed debt firm Centerbridge Partners. Documents were sent out to investors late yesterday and the rights will...

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