DCC’S UNNECESSARY PLACING HURTS SHAREHOLDERS

Donal Murphy

THE MARKET has recently seen two Irish companies raise bucketloads of cash in very different circumstances. Aryzta was in desperate need of funding and raised €800m by issuing shares at an 80% discount and causing 90% dilution damage, while DCC, despite having the luxury of a healthy balance sheet, also damaged its shareholders by raising… Read more »

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