Rights issue from Beazley, will buy US underwriting manager
LLOYD’S insurer Beazley is to raise ?150m ($186.6m) in a nine for 19 rights issue at 86p per share, a 26% discount to the prevailing price at close of business on February 5 — the last day of trading before the Company confirmed that it was considering a rights issue — and a 21% discount to the closing price last night.