Société Générale gets a cash infusion
Société Générale (SG) is the latest of several banks to raise money through the capital markets after suffering multibillion-dollar losses. Unlike several Wall Street banks issuing mandatory convertibles, the French bank will sell stock and give current shareholders a preferential subscription right or the first right of refusal.
"This is a quick way to raise money. It forces shareholders to buy stock unless they want to be left with a diluted share. It will be interesting to see if all the stockholders
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