Bang & Olufsen plans share issue to cope with coronavirus crisis
https://www.reuters.com/article/us-bang-olufsen-issue/bang-olufsen-plans-share-issue-to-cope-with-coronavirus-crisis-idUSKBN22O0TC
TV and stereo maker Bang & Olufsen (B&O) said on Tuesday it planned to raise 400 million crowns ($58 million) via a rights issue, equivalent to half its market value, to survive the coronavirus crisis that has knocked its already weak shares.
Bang & Olufsen plans share issue to cope with coronavirus crisis
May 12, 2020, 8:20am UTC
https://www.reuters.com/article/us-bang-olufsen-issue/bang-olufsen-plans-share-issue-to-cope-with-coronavirus-crisis-idUSKBN22O0TC
>TV and stereo maker Bang & Olufsen (B&O) said on Tuesday it planned to raise 400 million crowns ($58 million) via a rights issue, equivalent to half its market value, to survive the coronavirus crisis that has knocked its already weak shares.