Green Mountain Scaling New Heights

US coffee producer Green Mountain Coffee Roasters has announced plans to raise US$321mn in a rights issue to repay debt and for general corporate purposes. The firm plans to sell 5mn new shares at US$67.25mn, representing a very narrow discount on its share price before the announcement. The lack of a significant discount is an indicator of how in demand the shares have become, with Green Mountain delivering stellar earnings and revenue growth, despite the economic downturn, and its stock price more than doubling over the last 12

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