ThyssenKrupp in talks with hedge funds for cap hike-sources
FRANKFURT Aug 22 (Reuters) - German conglomerate ThyssenKrupp is in talks with hedge funds to secure backing for a planned capital increase, two people familiar with the matter told Reuters on Thursday.
One of the sources, who spoke on condition of anonymity because the negotiations are confidential, said the talks were at an advanced stage.
Earlier on Thursday, German monthly Manager Magazin cited company sources as saying that several hedge funds were interested in participating in a capital increase.
A spokesman for the company declined to comment and pointed to comments from company managers saying that a capital increase could not be ruled out.
- Atheists face death in 13 countries, global discrimination: study
- Signer says suffered schizophrenic episode at Mandela memorial |
- Missouri executes man for killing good Samaritan motorist in 1994
- Thai military chief rebuffs meeting request in blow to protesters |
- Google executives' planes saved millions in costs due to error - NASA