Invensys swerves rights issue

News

Invensys was one of a host of names, including BA, Rolls
Royce and ICI, that were widely rumoured to be planning rights issues in the first quarter of 2002, due to liquidity pressures. However, of these names only ICI has tapped the market to date, with a £808 million deal, and the rush by companies to increase their share capital seems to have subsided as many have reassessed their strategies.

Rick Haythornthwaite, chief executive of Invensys, dismissed speculation that the engineering group

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: