Britain's WH Smith launches 13.7% equity raise amid coronavirus crisis
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(Reuters) - British retailer WH Smith said on Monday it was placing shares of about 13.7% of the company's ordinary share capital to get it through the coronavirus crisis. Earlier in the day the company, which sells books, newspapers and stationery, said it had secured new lending facilities of 120 million pounds ($147.54 million) which are conditional on raising new equity.Shares of WH Smith closed up 8.3% at 1094 pence.The company, which continues to operate about 30% of its UK stores, said..