Shares of New York-listed Golar LNG were unable to maintain the deal price after a surprise $96m equity issue Thursday, falling a further 2% after absorbing a 7% discount on the capital raise.
The tumble on shareholder dilution made Golar shipping's worst performer on the day . It closed at $8.54, losing nearly 9% on the day.
While the deal discount itself was relatively tight, Golar's ability to cash in on a $14.4m
