JD Wetherspoon to raise $175 million via placement; plans June reopening

(Reuters) - British pubs group JD Wetherspoon plans to raise 141 million pounds in a share placing as it tries to cope with the economic fallout from the coronavirus pandemic, which has forced all pubs to close. The company said on Wednesday it would place up to 15.7 million shares with investors at 900 pence apiece. That compares with the stock's closing price of 957.5 pence earlier in the day. JD Wetherspoon also said around 43,000 employees, accounting for more than 99% of its workforce, had..