Debenhams’ share price plummeted 45% on Friday to 1.59p after the company looked to raise £200m but warned the action may “result in no equity value for the company’s current shareholders”.
The retailer asked current investors for the funds, which it said it would use to restructure the business and help fight off advances from Mike Ashley’s Sports Direct.
You must be logged in to continue
Register for free to finish this article
Registration includes the following benefits:
To access this article REGISTER NOW
Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.