SIG plans equity raise after results, bleak outlook

(Reuters) - Building materials supplier SIG Plc plans to raise 150 million pounds ($185.12 million) in new equity with U.S. buyout firm Clayton, Dubilier & Rice (CD&R), it said on Friday, as it pointed to a bleak outlook after "disappointing" results.The company, which scrapped its dividend and envisaged a 500 million pounds hit to 2020 revenues, said the share sale is expected to result in a 25% shareholding by CD&R.