Coventry Group seeks $25 million from shareholders

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English - April 14, 2024 23:47 - 1000 KB
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15 Apr 2024 - Industrial parts supplier Coventry Group (ASX:CYG) is set to request $25 million from shareholders to finance a $42.1 million acquisition across the Tasman. The company unveiled the deal on Monday, outlining its intention to acquire New Zealand-based metal fasteners manufacturer, Steelmasters.