September 4, 2003
Company expected to offer one share for each share investors already own, at a price of 70 pence, or 55 percent less than the September 3rd close.
On September 4, the firm represented Royal & SunAlliance on its £960 million ($1.5 billion) Rights Issue. Bloomberg News reported that the company would offer one share for each share investors already own, at a price of 70 pence, or 55 percent less than the September 3rd close. The September 18 issue of Legal Week noted that partner Gregory Astrachan and associate David Kurzweil served as U.S. counsel for issuer Royal & Sun, the London-based insurer conducting operations worldwide.
