Bang & Olufsen plans share issue to cope with coronavirus crisis
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. [Source]
Publication Date:Origin: reuters.com
Category: technologyNews
Topics: crisis, coronavirus, issue, Olufsen, shares, already, knocked, survive, value, market, equivalent, rights, million), crowns, million, raise, planned, (B&O), maker, stereo, share, plans