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Shares plunge on Boart Longyear recapitalisation

Centerbridge takes 98% stake in company

Andrew Hobbs
Shares plunge on Boart Longyear recapitalisation

Company shares were down A1.6c to 6.6c, capitalising the company at $62 million in early trade. Boart has suffered a 98% price collapse in the last six years, trading at $4.78 in 2011. Boart had...

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