The final pieces of contractor Decmil's recapitalisation raising were coming together on Wednesday morning, with fund managers told to expect a bigger deal at a bigger than anticipated discount.Street Talk. Louie DouvisIt is understood Decmil and its brokers have secured for support for a near $50 million raising - up from the initial $40 million target - at about 5¢ a share.The deal is expected to launch as early as Wednesday.It comes after one week of talks with existing shareholders and potential new investors.It is understood new Decmil boss Dickie Dique has pitched a turnaround story to investors, which would be funded by the equity raising. Dique wants to reset the company with a strong net cash position, so it can make the most of major infrastructure spending by the federal and state governments.Funds were told the offer would be structured as a placement and non-renounceable rights issue.Decmil shares last traded at 20¢ each. The company's shares haven't traded since May 18.
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