New smh article is a little more balanced regarding rights issue and doesn't treat $12 issue as a fait acompli
http://business.smh.com.au/business/wesfarmers-mulls-debt-options-20090121-7mp0.html
"However, other analysts have argued a capital raising would not be the best option. Citi's Craig Woolford in a note last week said "even at a share price of $26, we estimate the company's cost of debt is now below its cost of equity"."
New smh article is a little more balanced regarding rights issue...
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