Investors might have thrown in the towel too soon on Invensys. Six months ago the UK engineering group was rescued with a jumbo financing package. Deutsche Bank refinanced about £2 billion of the company’s debt at longer maturities, encouraging shareholders to buy £470 million-worth ($864 million) of new shares priced at 21.5p each. But the stock price struggled after the share sale, falling first to 15p and more recently as low as 11p on massive trading volumes.
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