Husqvarna plans rights issue to raise $340M after disappointing Q4

02/20/2009 | Reuters

Husqvarna announced plans for a rights issue to raise around $340 million in cash. The garden and construction tool manufacturer, based in Sweden, posted a loss of about $69.4 million for the fourth quarter. Husqvarna faced declining demand for its products, including lawn equipment such as lawn mowers and hedge cutters.

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