Engine Manufacturer Rolls-Royce Announces £2B Rights Issue
Credit: Rolls-Royce / Twitter
Rolls-Royce announced a £2 billion ($2.6 billion) rights issue Oct. 1, as the UK engine manufacturer sought to shore up its balance sheet. The rights issue is part of a larger initiative to raise a total of £5 billion for the hard-pressed powerplant maker, which has seen its income slump during the...
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