Jjb Seeks To Raise Almost £100 Million By Issuing Many New Shares

After much ado last week, JJB Sports is going ahead with a plan to issue shares to raise £94 million (€101.7m-$151.9m) net of expenses – more than its market value. The beleaguered British sports retailer, which narrowly avoided bankruptcy earlier this year, badly needs the cash after deepening losses in ...