Japan’s Sony plans to raise nearly $4 billion via new shares and bonds to plough into image sensors as it reinvents itself as a niche component maker, pulling back from consumer goods like TVs that dragged it into losses. In Sony’s first new share issue in 26 years, the firm said on Tuesday it expects to raise 321 billion yen from a public stock offering after a rally that has seen its market value double in a year.
SOURCE: Financial Market News – Read entire story here.
