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Saturday November 21, 2009

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Submitted by patric (not verified) on August 8, 2009 - 4:25am.

Shares in satellite navigation firm TomTom fell by 5.1% on Monday following the announcement that it would issue new stock to raise cash. The company unveiled plans to raise €430 million. TomTom has been struggling with the debt it took on when it bought digital mapmaker Tele Atlas for €2.9 billion.
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