Tuesday, 16 August 2011

Saab Issues New Shares, Pulls Out Of Frankfurt Auto Show

Swedish Automobile, Saab’s parent, is issuing another 4 million shares under an existing agreement with GEM Global Yield Fund Limited. Earlier this month, Swedish Automobile sold an estimated 5 million shares to GEM in order to raise funding to pay workers and suppliers. The new deal is said to be worth another $5.8 million, but how far that...


Source: http://feedproxy.google.com/~r/TheCarConnection/~3/5u1FRLoGY7Y/1064937_saab-issues-new-shares-pulls-out-of-frankfurt-auto-show

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