Marconi remains a hold after its share price slumped to just over 2p and its market cap fell below £...
Marconi remains a hold after its share price slumped to just over 2p and its market cap fell below £50m, according to stockbroker BWD Rensburg. The former FTSE 100 stock at one point had share values at more than £12 each and with a market cap of close to £35bn. Last week the heavily indebted telecoms equipment maker, revealed that shareholders would get just 0.5% of what is left of the company under a complicated restructuring. Under the deal, the 100% owned subsidiary Marconi Corporation will become the new Marconi and will be owned 99.5% by banks and bondholders.
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