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Underwriters expand size of Noranda offer

THE syndicate underwriting Noranda's common share offering has exercised an over-allotment option...

Greg Tubby
Underwriters expand size of Noranda offer

Noranda will now issue 28.52 million shares to the underwriters and 20 million shares to Brascan Corp at C$12.65 per share. Funds raised from the offering will be used to reduce debt and restructure...

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