QUESTIONS CONTINUE TO swirl around Royal & Sun Alliance's planned rights issue, the FT says, because...
QUESTIONS CONTINUE TO swirl around Royal & Sun Alliance's planned rights issue, the FT says, because the company is going to have to admit a big slice of the new money will go to cover US asbestos and environmental claims. That in turn raises questions about the position of finance director Julian Hance, in place since 1998, the paper adds, becuase shareholders need still need persuading of RSA's financial strength. The FT expects nearly half of any new money raised in a deeply discounted rights issue will go to covering these particular US-related issues. THE STATE-CON...
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