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ThyssenKrupp Decides to Increase Capital Stock by 10 Percent 2013-12-02 18:41:31.58 GMT
By Jana Randow Dec. 2 (Bloomberg) -- ThyssenKrupp said it will increase its capital stock by EU131.7m, or 10%. * Co. says it will issue 51m new stocks * Co. says emission starts today via accelerated book-building procedure * Co. mandated Commerzbank, JP Morgan Securities * Co. says move intended to strengthen equity, reduce net financial debt * Co. says it’s “convinced that a capital increase on this scale represents an appropriate balance between the interests of shareholders and the requirements of other strategic stakeholders” * NOTE: ThyssenKrupp shares are being offered at EU17.05 to market price, according to a term sheet obtained by Bloomberg News.
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--Editor: Jana Randow
To contact the reporter on this story: Jana Randow in Frankfurt at +49-69-92041-206 or jrandow@bloomberg.net
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