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Shareholders back Boart plan

Boart Longyear recapitalisation plan a step closer.

Noel Dyson
The Wireless Sub, which Boart Longyear has a licence to commercialise.

The Wireless Sub, which Boart Longyear has a licence to commercialise.

Under the recapitalisation plan, which will get Boart off the hook for about $196 million of unsecured debt, Centerbridge, Ares Management and Ascribe II Investments will end up with 98% of the drilling...

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