Ing C Olivetti & Co SpA accompanied its half-time figures with plans for a one-for-10 rights issue of 54.7m common shares at the equivalent of $5.81 apiece to raise $327m; it is also to make a bond issue with warrants attached due 1995 paying between 7.8% and 8% to be priced to raise between $540m and $600m with warrants convertible at between $7.20 and $7.90. The company told the annual meeting that orders at June 30 were 9.4% up on the figure for a year earlier. The company reckons that the half-time figures show that it is doing better than its major competitors in Europe.
