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Westpac will raise $2 billion by selling shares, cuts dividend

Westpac will raise $2 billion by selling shares, cuts dividend

Dilutive move from the Australian bank
The stock to watch in Australia today will be one of the country’s Big Four banks.
Westpac is selling A$2 billion worth of shares in a private placement at $25.32/share. That’s a 9.2% discount to Friday’s closing level.

Source: Forexlive RSS Breaking news feed
Date: November 4, 2019, 09:09