It was touch and go there for a while but Barclays Plc shareholders have given the British bank the go-ahead on a 7 billion pound ($10.44 billion) capital raise. The fractional owners had been ticked off about not being asked what their feelings were on the round of fundraising beforehand (there was also a matter of Qatar and Abu Dhabi investors getting better terms than existing shareholders). Congrats to all.
Barclays Chairman Says Investors Back Fund-Raising [Reuters]
Posted by guest, Nov 24, 2008 9:18AM
wideclops is not happy about being diluted