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Paul Murphy is the founding editor of FT Alphaville.
We will claim a direct hit on this one.
Sequana, the French paper manufacturer that takes in Arjowiggins, has announced a rescue rights issue aimed at raising €150m — equivalent to its existing market cap. Read more
We were having problems confirming this at pixel time (all enquiries were directed to a fax machine) , but it seems a shame not to share it given the ‘usually knowledgeable’ status of the source… Read more
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