Shares in B&O, which have fallen about 66% in the past year, were down more than 9% on Tuesday at their lowest since 1994.
“Bang & Olufsen is in a serious situation, where we need to raise new capital to help us get through the global COVID-19 crisis,” Chairman Ole Andersen said in a statement. An extraordinary general meeting will be held on June 3 and B&O said it had already secured support from a number of institutional investors, including its three largest Danish shareholders ATP, Chr. Augustinus Fabrikker and Færchfonden.
Meeeh... still, really? B&O was hot 20 years ago
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