.
Downer EDI Ltd (ASX:DOW) says it has successfully completed the institutional component of its entitlement offer, raising $279 million.
The money will be used to prop up its balance sheets, given the mounting costs of the $1.9 billion Waratah train contract with the NSW government.
Institutional shareholders took up 97 per cent of their entitlements to raise $200 million at $3.25 per new share.
The retail component of the offer opens next Tuesday.
Downer EDI reported a half year loss of $103.8 million to December 31, 2010.
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Last
$7.26 |
Change
0.130(1.82%) |
Mkt cap ! $4.875B | |||
| Open | High | Low | Value | Volume |
| $7.18 | $7.31 | $7.16 | $49.98M | 6.903M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3037 | $7.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.30 | 33699 | 4 |
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| Last trade - 16.10pm 12/09/2025 (20 minute delay) ? |
| DOW (ASX) Chart |