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Wesfarmers to raise $2.8 billion, cut dividend 50%

A DAY after releasing its coal production figures, debt-heavy Wesfarmers is in a trading halt as ...

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Wesfarmers to raise $2.8 billion, cut dividend 50%

The bulk of funds raised will come through a three-for-seven share entitlement offer at a price of $13.50 per share with Wesfarmers saying the institutional component of the offer is fully underwritten...

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