Rexam hopes to stay investment grade with £350m rights issue

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EQUITY DAILY UPDATE

Rexam hopes to stay investment grade with £350m rights issue

Breaking news - 27 July 2009

Rexam, the maker of beverage cans, is set to launch a £350m rights issue this week in a bid to maintain its investment grade credit rating, becoming the latest European company to turn to the equity markets to reduce its leverage ratios. ..

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