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Babcock shares dive for a second day on debt worry

June 12, 2008 on 9:50 pm | In Business News |

SYDNEY (Reuters) - Shares in Australian investment firm Babcock & Brown plunged by a third on Friday, taking losses to over 50 percent in two days, as concerns mounted about the company’s debt and ability to raise funds.

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Babcock shares dive for a second day on debt worry

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