TomTom in share drive

<strong></strong>Satellite navigation maker TomTom is set to raise &euro;430m (&pound;367m) with a new share offer to reduce the company&rsquo;s net debt to &euro;700. The group is to raise &euro;359 through a rights issue where all four founders of the firm take up their rights and contribute &euro;169m. A further &euro;71m is set to be raised through a private placement of shares to Janivo Holding and Cyrte Investments.