SIG to take on CD&R as investor with 150 million pounds equity raise

(Reuters) - SIG Plc plans to raise 150 million pounds in new capital following a deal that would give U.S. buyout firm Clayton, Dubilier & Rice a 25% stake in the building materials supplier, it said on Friday after reporting "disappointing" results.The company, which scrapped its dividend and envisaged a 500 million pounds ($617.40 million) hit to 2020 revenue, said March and April revenue declined by 139 million pounds as demand deteriorated due to the coronavirus outbreak.Sheffield-based SIG..