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Segro slides as it mulls cash call
02.03.09
Landlord Segro today said it was thinking of tapping investors for cash to bolster its balance sheet.
It sent shares in the firm, formerly Slough Estates, crashing 263/4p to 801/2p.
Blue-chip rivals British Land, Land Securities and Hammerson, which have already launched rights issues worth more than £2 billion, were also on the slide.
Analysts warned there may not be enough funds for all those in the cash-call queue.
