Managements hands maybe forced ... to finally float the aborted share issue on this news.
Interest coverage ratio before the news was 6.84x, now it will be close to 3x. Doesn't suprise me to hear that they to have pension problems like many on the tse comp. Dividend payout was ~22% of earnings and will now be close to 50.
I see a bad moon arisen.
May start nibbling in the 4.20 area, should it get there.
Good luck to all