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Huge cash call discount sends Imps shares sliding; The issue is clouded: but finance director Bob Dyrbus tries to bring a little light into the life of Imps chief executive Gareth Davies.

Publication: The Evening Standard (London, England)
Publication Date: 20-MAY-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Byline: ROBERT LEA

SHARES in Imperial Tobacco plunged today after the cigarettemanufacturers long-expected multi-billion-pound rights issue was larger in sizeand more deeply discounted than expected.

Imps, Britains biggest cigarette company, said today it was raising [pounds sterling]4.9billion to help pay for last years giant acquisition of the Franco-SpanishGauloises-to-Fortuna cigarettes group Altadis in which the company has alsotaken on...

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