Investors Showing Signs Of Rights Issue Fatigue

UK pub operator and brewer Marston's is reported to be confident that its proposed GBP176mn rights issues will get the backing from investors despite rumours that many see the cash-call as unnecessary. The issue will almost double Marston's equity and is set to be voted on by investors on July 6. In BMI's view, the mere fact that rumours of discontent have emerged suggest that investors may be becoming more discriminating when choosing which rights issues to back and that other food and drink firms may have to work harder to justify cash-calls to their

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