Mutual sees share price double
Created: Apr 20, 2001 11:00 AM
announcement of $112.5 million injection from a consortium led by XL Capital.When shares in MRM were suspended on Wednesday, pending the announcement, they were at only $3.50.
announcement of $112.5 million injection from a consortium led by XL Capital.
When shares in MRM were suspended on Wednesday, pending the announcement, they were at only $3.50.
They started to rise late Wednesday afternoon when they had been reinstated after the announcement, then rose to a high of $7.40 yesterday. By 4 p.m. they were standing at $6.95.
