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HCHC - HC2 Holdings Inc News Story

$3.48 0.1  3.3%

Last Trade - 02/12/20

Sector
Industrials
Size
Small Cap
Market Cap £119.0m
Enterprise Value £514.6m
Revenue £1.28bn
Position in Universe 4125th / 6443

BUZZ-HC2 Holdings Inc: Falls after commencing rights offering

Wed 7th October, 2020 6:07pm
** Shares  HCHC.N  of company which fabricates and erects
structural steel for commercial and industrial construction
projects fall as much as 7.3% to more than one-week low of $2.29
    ** Says commences $65 mln common stock rights offering
 urn:newsml:reuters.com:*:nGNX70fZqQ
    ** Says expects to use part of the proceeds for servicing
debt 
    ** HCHC, which had a market cap of about $115.6 mln as of
Tuesday's close, had 46.8 mln shares outstanding as of July 30
    ** YTD, stock has rise about 7%

 (Reporting by Ankit Ajmera in Bengaluru)
 ((ankit.ajmera@thomsonreuters.com))
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