Fairfax Media raises $318 mln in rights offer

Sun Mar 1, 2009 11:13pm GMT
 
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SYDNEY, March 2 (Reuters) - Fairfax Media Ltd (FXJ.AX), an Australian newspaper publisher, has raised about A$500 million ($318 million) in a rights offer to institutional shareholders, the company said in a statement on Monday.

Price details were not immediately available. ($1=A$1.57) (Reporting by Denny Thomas)

 

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