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Boart jumps as recapitalisation moves ahead

BOART Longyear has launched a $A103.4 million rights issue and a $24.5 million share buyback foll...

Andrew Duffy

The renounceable rights issue will offer 0.97 shares for each share held, with new stock offered at 16.5c each. The price represents a 3.5% premium to yesterday’s close and a 9.7% discount to the one...

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