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News round-up

Monday 31st of August 2009

Tower to raise $81.3m, fund of hedge funds rated by S&P
Tower is set to raise $81.3 million from existing shareholders through a pro rata renounceable rights issue.

Under the rights issue, eligible Tower shareholders will be entitled to acquire five new shares for every 16 shares held. The new shares will be offered at $1.34 per share and will rank equally with...

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